Economics
Capital Economics’ Varathan Says Rupee to ‘Struggle’ on Unrest
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Vishnu Varathan, an economist at Capital Economics (Asia) Pte in Singapore, comments on the outlook for the Indian rupee.
One-month non-deliverable forwards for the currency slid 0.2 percent to 45.51 per dollar as of 11:32 a.m. in Singapore, according to data compiled by Bloomberg. The contracts reflect bets the rupee will decline 0.5 percent from the spot rate of 45.26.