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View Full Version : Capital Economics' Varathan Says Rupee to 'Struggle' on Unrest - Bloomberg



NewsWhore
02-24-2011, 01:30 AM
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Capital Economics&#39; Varathan Says Rupee to &#39;Struggle&#39; on Unrest (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNE54IMU-zys6KOCeybXIE58wL7geg&url=http://www.bloomberg.com/news/2011-02-24/capital-economics-varathan-says-rupee-to-struggle-on-unrest.html)
Bloomberg
One-month non-deliverable forwards for the currency slid 0.2 percent to 45.51 per dollar as of 11:32 am in Singapore, according to data compiled by Bloomberg. The contracts reflect bets the rupee will decline 0.5 percent from the spot rate of 45.26. ...

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