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Rupee could rise to 52/dollar by end-2013: Credit Agricole
December 6, 2012 / 5:52 AM / 5 years ago

Rupee could rise to 52/dollar by end-2013: Credit Agricole

Reuters Market Eye - Rupee could rise to 52 per dollar by end of 2013 and is Credit Agricole’s top pick among the emerging markets, it says in a note.

A cashier counts currency notes inside a bank in Lucknow July 16, 2009. REUTERS/Pawan Kumar/Files

The government winning the vote on foreign direct investment in multibrand retail will continue to help the rupee despite questions on whether the reform will be approved by the upper house and concerns about its implementation.

“The government’s victory is a good sign of its ability to push through other reforms,” the bank says.

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