Rupee to stay in 70s in 2018 as current account deficit worsens: HSBC

HSBC has forecast that the rupee will settle down at around 73 by the end of 2018 and weaken further to 74 by mid-2019. ​​​The bank has also red-flagged the rising current account deficit (CAD), which according to the bank is the biggest worry on the macroeconomic front.

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