CAD Adding To Currency Woes: Birla Sun Life Asset Management
  • Saba Ashraf
  • Jun 12 2013

Birla Sun Life Asset Management CEO A. Balasubramanian said the rupee’s fall, especially the rate of depreciation, is a matter of concern, although most EM currencies have depreciated against the dollar. The current account deficit (CAD) is adding to currency woes, while maintaining an import-export balance remains a challenge.