SENSEX NIFTY
Apr 26, 2012, 05.56 PM IST | Source: Reuters

Rupee could hit 56 to the dollar: UBS

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."

Rupee could hit 56 to the dollar: UBS

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.

READ MORE ON  UBS, rupee, 56, dollar, deficit, Philip Wyatt

ADS BY GOOGLE

video of the day

Be careful while betting on midcaps; like Kotak: Dimensions

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.