The worst of the country’s economic slowdown has passed and the authorities are unlikely to use currency depreciation as a measure to revive growth, said Hugo Erken, head of international economics at the lender and the top rupee forecaster for the December quarter in Bloomberg’s rankings.
MUMBAI: India’s rupee will likely beat most Asian peers this year, according to Rabobank, in contrast with other top forecasters who expect the currency to continue trailing.
The worst of the country’s economic slowdown has passed and the authorities are unlikely to use currency depreciation as a measure to revive growth, said Hugo Erken, head of international economics at the lender and the top rupee forecaster for the December quarter in Bloomberg’s rankings.
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