India's central bank 'intervened to rescue rupee'

MUMBAI (AFP) – India's central Reserve Bank of India was believed to have intervened in the foreign exchange market Friday to rescue the rupee from near-record low levels, dealers said.

Chinese Premier says country cannot grow in isolation

Chinese Premier Wen Jiabao has said the country cannot grow in an isolated way, and it will look to develop global and domestic growth.

He added that more open economic and trade policies would help it and the wider world.

Premier Wen said that he was confident the US and Europe would fully recover from their current economic problems.