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FOREX-Yen trades near three-week low before BOJ, Fed meetings

The yen held near a three-week low on Tuesday as pared expectations for aggressive Federal Reserve cuts supported the dollar and ahead of a Bank of Japan meeting, which is seen as a key test for policymakers amid a global monetary easing cycle.

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P. Chidambaram arrested in corruption case

The Central Bureau of Investigation (CBI) arrested former finance minister P. Chidambaram late on Wednesday in relation to alleged corruption and money laundering, a day after the Delhi High Court rejected his application to seek exemption from arrest.