Buy the Indian rupee, says State Street Global Advisors
A change of heart on the Indian rupee has been a key element of the emerging markets (EM) outlook of State Street Global Advisors (SSgA) this year, as the currency has rallied against the dollar in the first two months of 2012, turning the tide on a dramatic period of weakening in the second half of last year.
"Investors have taken notice of the rally in the rupee during the year to date and are starting to get into that position. I had been bearish on the currency for several years because I
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