Rupee Could Hit Record Low Of 56 To The Dollar: Ubs

[fanofbb]

[color=#000000][font=Georgia,]UBS says rupee could hit 56 to the dollar, which would mark a record low. UBS cites prospect of slowing flows on the back of India's "severe" deficit drag, the need to "repair" the country's balance sheet and regulatory ambiguity that has reached a "crisis point."[/font][/color]

[color=#000000][font=Georgia,]"In these conditions, there is very little policy easing. So companies and government must now become more efficient if they want to retain/induce that extra dollar from overseas," UBS' economist Philip Wyatt says in the report.[/font][/color]


[color=#343434][font=helvetica, arial, sans-serif]True NTR fan never follows Bollibabu's TDP(source:[/font][/color][url="http://en.wikipedia.org/wiki/N._T._Rama_Rao"]http://en.wikipedia.org/wiki/N._T._Rama_Rao[/url])

[tombayya]

ante according to you and your source state lo unna janalu avarithe cbn ni CM ga elect chesaro vallu antha amti.............

[mustang302]

[img]http://i49.tinypic.com/2mplbuu.gif[/img] 1 USD = Rs 56...kekaaaaa,,!!