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View Full Version : Rupee Has First Weekly Gain Since March on Rate-Cut Optimism - Bloomberg



NewsWhore
06-08-2012, 08:10 AM
Rupee Has First Weekly Gain Since March on Rate-Cut Optimism (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEDJfqez0cUxH9vYjZEGhaKOkMu1Q&url=http://www.bloomberg.com/news/2012-06-08/rupee-has-first-weekly-gain-since-march-on-rate-cut-optimism.html)
Bloomberg
“A rate cut will benefit the rupee as the currency needs a strong growth outlook and lower rates will work towards boosting domestic consumption,” said Dariusz Kowalczyk, a strategist at Credit Agricole CIB in Hong Kong. “We expect the repurchase rate ...

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