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Weak rupee reflects widening current account deficit: Moody's

PUBLISHED ON: December 8, 2011 | Duration: 8 min, 55 sec

  
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Atsi Sheth, Vice President, Senior Analyst, Moodys Investor Service told NDTV Profit that India's fiscal position is weaker than other countries in this ratings category, keeping in mind the slippage in fiscal deficit target. On the rupee end, he said that Moody's is supportive of RBI's forex management policies. However, a weaker rupee will be representative of the widening current account deficit; but will eventually help correct the deficit.
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