Indian Rupee May Reach 50 by March, Crisil's Joshi Says
Jun. 26, 2012
Dharmakirti Joshi, Mumbai-based chief economist at Crisil Ltd., the local unit of Standard & Poor’s, talks about India's economy and the local currency.
India has increased the amount of rupee-denominated debt overseas investors can own to arrest a slide in the currency, which sank to a record low on June 22. Joshi also discusses Indian Finance Minister Pranab Mukherjee’s plan to resign after the ruling Congress party made him its nominee for the post of president, and its implications for the economy. Joshi speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)