NIFTY  8,925.35  -0.16%
  SENSEX  28,911.60  0.06%
 CURRENCY  Rs  66.83/$ 70.65/€, 83.79/£
  GOLD  29,622.00  -0.00%
  SILVER  43,384.00  0.07%
  DAX  11,804.00  -1.20%
  FTSE  7,243.70  -0.38%
  CAC  4,845.24  -0.79%
  HANG SENG  23,965.70  -0.62%
  NIKKEI  19,283.50  -0.45%
  Shanghai Composite  3,253.43  0.04%
  DOW JONES  20,821.80  0.06%
  NASDAQ  5,845.31  0.17%
  S&P 500  2,367.34  0.15%
LUPIN - Pact To Distribute And Promote Quetiapine Tablets In Japan LUPIN - Astellas And Co's Unit Kyowa Enter Into An Agreement

Bringing Down C.A.D Will Ease Pressure On Rupee: Edward Teather

Video:

Play this video

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.