Reuters: US Dollar Report: India central banker: Currency wars a 'zero sum game'

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India central banker: Currency wars a 'zero sum game' Mar 13th 2013, 15:40 LONDON, March 13 | Wed Mar 13, 2013 11:40am EDT LONDON, March 13 (Reuters) - Currency wars don't benefit anyone, India's central bank governor Duvvuri Subbarao said on Wednesday. Speaking to students in London, Subbarao said there was no point in countries pursuing competitive devaluations to try to boost their economies. "We all understand it is a zero sum game. Everyone can't devalue at the same time and benefit, everyone loses," he said.

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