'Rupee to decline further'
By Prashant R Nair, Devina Menon | Published On: December 13, 2011 10:00 (IST) | Duration: 9 min, 02 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.