HomeNewsBusinessMarketsRupee to stabilise at 47/$ in 3 months: Barclays Capital

Rupee to stabilise at 47/$ in 3 months: Barclays Capital

Nick Verdi, currency strategist, Asia, Barclays Capital, tells CNBC-TV18 that the rupee is likely to weaken further due to risk aversion.

September 23, 2011 / 15:45 IST
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The rupee has fallen to its lowest in more than 28 months on Friday as the dollar has moved up. The Indian currency is at 49.52 per dollar, after opening at 49.65. Nick Verdi, currency strategist, Asia, Barclays Capital, tells CNBC-TV18 that the rupee is likely to weaken further due to risk aversion.

first published: Sep 23, 2011 10:50 am

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