12-month target for rupee revises to 56/USD: Tushar Poddar

Tushar Poddar of Goldman Sachs revised his 12-month target for the rupee to 56/USD from 52/USD earlier.

June 14, 2013 / 08:54 IST

Tushar Poddar of Goldman Sachs said over a 12-month horizon, an improving growth-inflation trade-off and some improvement in the current account deficit could provide some support to the rupee, although at much weaker levels.

He revised his 12-month target for the rupee to 56/USD from 52/USD earlier.

first published: Jun 14, 2013 08:54 am

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