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Apr 30, 2012, 12.25 PM IST

Exports data seen undermining rupee

INDIA-EXPORTS-RUPEE:Exports data seen undermining rupee

Source: Reuters
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Exports data seen undermining rupee
Reuters Market Eye - India due to report trade data on Tuesday, when markets are closed. Data comes at a time of deepening concerns about India's negative current account balance.


* Credit Agricole expects exports to have fallen 5.7 percent on year in March, from 4.30 percent gain in the previous month.


* "Falling exports undermine the vulnerability of the INR," Credit Agricole says.


(Reporting By Rafael Nam; Editing by Subhadip Sircar)


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