Patrick Perretgreen, Hd FX & rates strategy for Asia, Citigroup, remains pessimistic about India's growth targets and says that significant measures need to be taken up by the government if it wants to achieve its 6.5% target in FY13.
In an interview to CNBC-TV18, head- Asia strategy, Patrick Perretgreen of Citi says the latest developments from the two-day EU summit are positive for debt-ridden Spain.
Patrick Perretgreen, Head of FX & Rates Strategy for Asia at Citigroup tells CNBC-TV18 that the recent fall in rupee is not surprising, especially, when compared to other emerging market rates.
The Indian rupee is up by 28 paise at Rs 49.12 per US dollar today due to fresh selling of the dollar by banks and exporters. Patrick Perretgreen, head of FX & Rates Strategy for Asia, Citigroup, in an interview to CNBC-TV18, gave his views on how the rupee will perform against the dollar going forward.