Tushar Poddar, Goldman Sachs said, "Our 3-month, 6-month and 12-month dollar-rupee forecasts are 64/USD, 65/USD and 65/USD respectively. We see risks on both sides of our forecasts. Domestically, potential upside risks would be a jump in investment activity after elections, and/or a sharper-than-expected fall in inflation."
"Downside risks include the possibility of an unclear verdict in the elections which would exacerbate investor uncertainty," he added.
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