Rupee rebound?

Some months ago, even respected CEOs were listening carefully to those forecasting the rupee would fall to 58 to the dollar, so it’s not surprising most laughed out rating agency Crisil’s forecast of 46 rupees to the dollar by the end of March. With the rupee appreciating from 53.29 on January 2 to 50.66 on January 18, Crisil’s forecast looks as if it may not be that much off.

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