“Rupee might rebound by year end”- Experts

International investment in India's bonds will rise this year as policy makers rein in inflation, boosting the rupee after 2011's 16 percent slump, according to the most-accurate forecasters for the currency.

The rupee will strengthen 4 percent to 51 per dollar by the end of 2012, according to ING Vysya Bank Ltd., the local unit of the biggest Dutch financial services company.

The currency will gain 5.1 percent to 50.50, according to Oversea-Chinese Banking Corp., which ranked second.

Source: Bloomberg


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *