CAD Remains Main Issue For Currency: Aditya Narain
  • Elizabeth George
  • Sep 16 2013

September 16: Aditya Narain, MD & India Equity Strategist at Citi, tends to believe the worst is over for the rupee with CAD improving. The CAD looks dramatically better; the $70 billion redline for CAD set by the FM will be above the likely amount, he says. “The currency trend is in a comfortable territory at this stage and while domestic issues are not tailwinds, they are no longer headwinds for the currency now,” he adds.