Brokerage house Credit Switzerland feels tally Governor Raghuram Rajan’s call to quit in September may be a negative for the rupee, which it's doubtless to depreciate to sixty seven.70 in 3 months and seventy one.0 in twelve months.
Credit Switzerland the fulminant departure raises uncertainty over the new financial policy framework and managing potential volatility around events like NRI deposits redemption between September and Nov this year. "With the new appointment, we have a tendency to don't expect a proper amendment to this financial policy framework that has been approved by the parliament," says the note adding, “but it might mean higher chance of any rate cuts.”
Read more at: http://dollaradvisory.com
Credit Switzerland the fulminant departure raises uncertainty over the new financial policy framework and managing potential volatility around events like NRI deposits redemption between September and Nov this year. "With the new appointment, we have a tendency to don't expect a proper amendment to this financial policy framework that has been approved by the parliament," says the note adding, “but it might mean higher chance of any rate cuts.”
Read more at: http://dollaradvisory.com
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