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NEWSFLASH : Gujarat Cadre IAS Tapan Ray Appointed As Secretary, Economic Affairs

Rupee To Trade Weak Going Forward: Neeraj Gambhir

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September 24: Neeraj Gambhir, MD & Co-Head of Fixed Income India at Nomura, says the fact that India has a large CAD and a dependence on capital inflows and expected tapering will keep the currency under pressure going forward. We’ve seen a significant reversal of depreciation so far, he says, adding that we were in a currency defence mode but were not trying to defend against depreciation per se.