Real-time Stock quotes, portfolio, LIVE TV and more.
Apr 26, 2012, 05.56 PM IST
UBS says rupee could hit 56 to the dollar, which would mark a record low. UBS cites prospect of slowing flows on the back of India's "severe" deficit drag, the need to "repair" the country's balance sheet and regulatory ambiguity that has reached a "crisis point."
"In these conditions, there is very little policy easing. So companies and government must now become more efficient if they want to retain/induce that extra dollar from overseas," UBS' economist Philip Wyatt says in the report.
May 23 2013, 10:43
- in MARKET OUTLOOK
May 23 2013, 09:33
- in Technicals