'Rupee to decline further'

Published on: Tue Dec 13, 2011 | 9 min, 2 sec

AV Rajwade, currency consultant says downward pressure on rupee is likely to continue in the forseeable future. The RBI action is crucial to stem the fall of the Indian currency. Chaitanya Pande, head (fixed income) at ICICI Prudential AMC says RBI has stayed away from the currency market to a large extent for the last two-three years.

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POll

Considering the mounting pressure, will the govt roll back petrol price hike?
 
Yes, only marginally
No
Can't say