Bringing Down C.A.D Will Ease Pressure On Rupee: Edward Teather
  • Ekta Tibrewal
  • Sep 04 2013

September 4: Edward Teather, Senior Economist at UBS, says the rupee has lost 20% this year mainly due to the current account deficit widening to record levels and a difficult global funding environment. While the economy was slowing, we expect growth to be more sluggish on the back of negative macroeconomic factors. “Reducing domestic spending will narrow the CAD and help reduce pressure on the rupee,” he adds.