Special report: FX

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Recent years have seen the two leviathans of Asia - China and India - casually lumped in together as the great economic opportunities of the twenty-first century. But of late both have had contrasting fortunes: China's economic slowdown to a ‘mere' 7.5% has prompted global headlines, while India's return to the economic ossification of the early 1990s and growth rates closer to 3% have prompted less attention.

This change has been reflected in the value of their respective currencies against the

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