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View Full Version : Barclays Says Rupee Will Tumble to 56 on Slump in Growth, Trade - Bloomberg



NewsWhore
03-02-2009, 07:50 AM
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Barclays Says Rupee Will Tumble to 56 on Slump in Growth, Trade (http://news.google.com/news/url?sa=T&ct=us/3-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601091%26sid%3DaDE9SV1Ohf5w%26refer%3Dindia&cid=1310164469&ei=qNarSdLPD43QM4yAnecD&usg=AFQjCNGiduvYD0YsiU0xWpmOa36GoC7_7w)
Bloomberg
By Anoop Agrawal March 2 (Bloomberg) -- Barclays Plc lowered its forecast for the Indian rupee, saying slowing economic growth and a balance of payments deficit will weaken the currency by more than 7 percent by June. The rupee, the second-worst ...


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