“RBI Defending A Currency That Will Weaken Anyway”
  • Prabha Hegde
  • Aug 01 2013

August 1: There is a lot of bad data coming out of the Indian economy in spite of recent measures. “Supporting the rupee does not make much difference,” says Andrew Holland, CEO at Ambit Investment Advisory. Banks now face funding pressures, which in turn will affect corporate, he says, adding that the core economy remains under pressure.