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Risk of unwinding of long positions in rupee: Citigroup

Thursday, August 29, 2013 - 06:32

Aug 29 - In an interview with ET NOW, Maya Bhandari, director of global macro strategy at Citigroup, said currencies of all emerging markets with large current account deficits are under huge pressure. She also said the RBI has done too little too late to stem the rupee's sharp decline and there is a risk of unwinding of long positions in the currency.

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Risk of unwinding of long positions in rupee: Citigroup

Thursday, August 29, 2013 - 06:32