Rupee may surge 35% to 40 per dollar if Modi becomes Prime - TopicsExpress



          

Rupee may surge 35% to 40 per dollar if Modi becomes Prime Minister, Citigroups Adam Gilmour says. A victory for the Bharatiya Janata Party in next months general elections is seen powering the rupee to highs last reached in 2008. Polls show the BJP, which has projected Narendra Modi as its prime ministerial candidate, is poised to oust the incumbent Congress party, a result that would be a catalyst for a long-term advance in the rupee toward 40 to 45 per dollar, from 61..
Posted on: Sun, 23 Mar 2014 11:05:47 +0000

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