Goldman Sachs keeps 6-month forecast for rupee at 50.70/USD

Our 6-month forecast remains at 50.70/$, while we are changing our 12-month forecast to 50/USD from 49/USD previously, says Tushar Poddar, Goldman Sachs.

May 15, 2012 / 09:10 IST

Tushar Poddar, Goldman Sachs said, "While we are conscious of the possibility of a sharp further depreciation in the rupee given the global and macro headwinds, quick changes in risk sentiment and intervention by the RBI may make such moves short-lived in our view. Our 6-month forecast remains at 50.70/USD, while we are changing our 12-month forecast to 50/USD from 49/USD previously."

first published: May 15, 2012 08:31 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347