Moneycontrol
Apr 03, 2012 09:10 PM IST | Source: Moneycontrol.com

INR remains one the riskiest currencies, says CLSA

Even though the Indian rupee hit all time low at 52.73 against the dollar in November, 2011; the local unit is not expected to show any sign of stability in the current year. This is evident when the global brokerage firm CLSA says, Indian rupee remains one of the riskiest currencies and predicts a rupee level at 55/USD by the end of 2012.



Moneycontrol Bureau


Even though the Indian rupee hit all time low at 52.73 against the dollar in November, 2011; the local unit is not expected to show any sign of stability in the current year. This is evident when the global brokerage firm CLSA says, Indian rupee remains one of the riskiest currencies and predicts a rupee level at 55/USD by the end of 2012.


This is how CLSA justifies its stance:

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