Rupee is in very bad territory due to inflation, trade deficit: UR Bhat
U R Bhat, Managing Director of Dalton Capital speaks about stock markets, Europe debt crisis, GAAR, rupee, and the banking sector. He says that market is waiting for May 10th when government announces its stance on GAAR. "All indications are that govt has hardened its stance so most investors specially the foreign investors are looking at how that will play out," he says.
