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Dear
Members,
World economy and financial market
is experiencing volatility since
last couple of months. Indian rupees
have suffered the most. The outlook
remains weak; we see the rupee
moving to 54 per dollar. The rupee
has fallen by almost 15% in the last
three months. Any movement or
development in the Euro zone would
lead to dollar strengthening, which
will lead to investments moving into
safer currencies like dollar. If
that becomes the trend, we would see dollar outflow from the country, which in turn will result in the .... |