India Inc sees rupee at 58/dollar: Survey

Corporate India expects the rupee to weaken more, with a majority of 440 respondents in an ING Vysya survey of 220 organisations predicting the rupee could fall to as low as 58 to the dollar in the near-term.

India Inc sees rupee at 58/dollar: Survey

Of the respondents, 15% did not rule out the rupee breaching below 60 to the dollar, ING Vysya says.

The majority in the survey say RBI rules relaxing FX regulations would not impact hedging plans.

Exporters seen unlikely to hedge more because of short-term expectations of weak rupee, as they will want to catch better levels and avoid mark-to-market losses, ING says.

(curtsey : money control)

Rupesh Yatesh Dalal
Head Research Department

Website :
Facebook :
Twitter : @marketcallsnet
Yahoo Messenger : rupeshyd


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: