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Thursday 23 May 2013

HSBC expects the Rupee to touch 60 again dollar


  • HSBC expects the rupee to touch Rs 60 against 1 USdollar
  • This will hugely increase the CAD as India buys Oil with Dollars and have to buy Dollars with more rupee.
  • We see a impact of .5 to 1 % in CAD because of this
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