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View Full Version : India Rupee Drops for First Time in Five Days on Deficit Concern - Bloomberg



NewsWhore
11-01-2011, 01:40 AM
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India Rupee Drops for First Time in Five Days on Deficit Concern (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGplYCCzBskPjJT6AATyj5Kw_4HiQ&url=http://www.bloomberg.com/news/2011-11-01/india-rupee-drops-for-first-time-in-five-days-on-deficit-concern.html)
Bloomberg
“The fundamental backdrop of high inflation and India&#39;s twin deficits is likely to weigh on the rupee as we move towards the end of the year,” said Jonathan Cavenagh, a currency strategist in Singapore at Westpac Banking Corp. ...

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