HSBC Predicts The Rupee At 52/Dollar

By Naagesh N. | September 17 2012 1:46 AM

Additional reforms may be forthcoming, which in turn could quell concerns over a possible downgrade for the sovereign. If so, we would likely see additional room for the INR to strengthen," the bank said in a note Monday.

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It expects the rupee's gains to persist through next year with a end-December 2013 target of 49 to the dollar versus 57 previously.

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