19 Jun, 2013
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Friday, June 8, 2012 - 16:59 IST
INR: Oversold, but no quick resolution
BY Deepali Bhargava
FII outflows from India debt and a rapid widening of the trade deficit have been partly responsible for the fall in INR.
INR has depreciated swiftly to all-time lows. Though it looks overdone, the fall is both fundamental and sentiment driven. However a recovery from here will likely be more contingent upon domestic factors – current account deficit, oil prices,...
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