02-13-2009, 11:10 PM
<b>Indian Rupee to Drop 10% to Record Low, HSBC Predicts</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Feb. 13 (Bloomberg) -- Indiaâs rupee will weaken almost 10 percent to a record low of 54 to the dollar by the end of the year as the worldwide credit crisis curbs foreign direct investment, HSBC Holdings Plc said.
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Indian Govt is blindly pumping money in banks and public sector and will cut defense budget just to win election, which will create fake/unsustanible growth.
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Indian Govt is blindly pumping money in banks and public sector and will cut defense budget just to win election, which will create fake/unsustanible growth.