On rupee, we have a target of 64/USD against the dollar in 12 months, says Robert Prior of Credit Suisse.
Robert Prior- Wandesforde does not see India achieving its 6 percent growth target for FY14.
Despite the wholesale price index (WPI) of May came lower than expected at 4.7 percent, Robert Prior-Wandesforde, director, Asian Economics Research, Credit Suisse believes the RBI governor, D Subbarao will wait until the consumer price index (CPI) starts lowering before announcing any rate cut.
Robert Prior-Wandesforde, Credit Suisse says the Indian currency is likely to see short periods of currency strength followed by significant periods of weakness.
IIP numbers for the month of February stood on a better than expected mark, at 0.6 percent. It outperformed CNBC-TV18 poll, which had an estimate of negative 1.7 percent. However, Robert Prior-Wandesforde, Credit Suisse sees this positivity as a quite sad part.