Top Rupee Forecasters See Rally as Ambani Joins Modi Growth Push
- Kshitij Consultancy, ABN Amro see first quarterly gain in four
- Rupee debt handed investors Asia's best return last year
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The top rupee forecasters see the Indian currency rallying after three quarters of declines as spending by the government and business tycoons fuel the fastest growth among the world’s major economies.
The currency will strengthen as much as 2.8 percent to 65 a dollar by the end of March, according to Kolkata-based Kshitij Consultancy Services, which had the most accurate estimates in the last four quarters in Bloomberg’s rankings. Second-placed ABN Amro Bank NV predicts an advance to 66 from 66.85 on Monday, before ending the year at 67. The currency has gained in the first quarter of every year since 2010.