Saturday, 31 December 2011

indian rupee outlook january 2012

forex trading outlook today - indian rupee outlook january 2012 ; The currency weakened the most in Asia this year, touching a record low of 54.305 per dollar on Dec. 15, as foreign funds cut holdings of Indian stocks by $380 million, exchange data show.

The $1.7 trillion economy may miss the central bank’s growth estimate of 7.6 percent for the 12 months ending March 31, Governor Duvvuri Subbarao said Dec. 22. Sovereign bonds were set for a third yearly decline on speculation the government will boost its debt-sale plan from a record. It was a bad year for the rupee and the first half of 2012 could be tough as well,” said Roy Paul

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