Economists say rupee at new normal: CI I Survey

摘要

High current account deficit, folicy inaction and high fiscal deficit are cited reasons for decline in the rupee. According to a survey of 35 economic analysts from across Industry, by the Confederation of Indian Industry, the Indian rupee is not expected to fall further in the immediate future. However, the current exchange rate of Rs.53-55 vis-a-vis the US dollar is the new normal, said the survey.