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May 28, 2012, 07.50 AM IST

ENAM's view on market

Any further correction in commodity prices will bode well for India's twin deficits, says Nandan Chakraborty, ENAM.

Bazaar at 08:00 am
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Nandan Chakraborty, ENAM said that, "The fear of Greece exiting the euro has scared markets the world over and caused a stampede towards the US dollar leading to a massive global currency sell-off. While the rupee has tumbled to all-time lows, a silver lining has emerged in the form of crude prices correcting meaningfully. Any further correction in commodity prices will bode well for India's twin deficits."


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