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Indian rupee analysis and forecasts: March 3rd 2009
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Confidence in the rupee will remain more fragile in the short term with reduced expectations of capital inflows given the serious deterioration in the global economy. Rupee moves will remain correlated strongly with trends in global stock markets.
Forecasts:
| Currency | Spot (03-03) | 3-month forecast | 6-month forecast | 12-month forecast |
| US$/INR | 52.0 | 53.5 | 50.0 | 47.5 |