India's record CAD may cap Indian rupee gains: HSBC - Indian Express

* HSBC says India's large current account deficit (CAD) will remain a source of "discomfort" for the market and make it difficult for the Indian rupee to appreciate in a sustained manner. * However, the rupee weakness may be limited as the trade deficit has been priced in somewhat, while debt inflows have remained 'strong' recently, the note says. * A further deterioration of the trade deficit and the speed of reforms pose risks to the rupee, HSBC adds. * The bank says India needs bolder action in the medium term to bring down the trade deficit and ease regulations to allow more FDI into the country. Tags: India record CAD, Current Account Deficit, Indian rupee, banking news Previous Story Madonna takes adopted kids to native place Next Story Blow for Francois Hollande as ex-minister charged in tax fraud probe Reader's Comments | Post a comment via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFB3vXsiyK4fHV774O4jLUiAE8hGw&url=http://www.indianexpress.com/news/indias-record-cad-may-cap-indian-rupee-gains-hsbc/1097035/

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