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Concerns on CAD remain: ICRA

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  • Published On: June 27, 2013
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Aditi Nayar, Economist with ICRA believes that the current account deficit (CAD) will remain at current levels and there is unlikely to be any significant improvement from here on, given the rupee movement. She feels that a time may come soon when the new normal would be rupee at 59-60.
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