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Rupee may overshoot targets; RBI in catch-22: Credit Suisse

The Indian rupee on Tuesday hit a record low of 61.59 against the US dollar. According to Ray Farris of Credit Suisse, the rupee is likely to touch 61.50/USD in 3 months and 62/USD in 12 months. But after today‘s drop, he sees risk of an overshoot of those numbers in the short-term.

first published: Aug 6, 2013 11:52 am

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