Rupee may weaken further against US dollar: CII

July 07, 2013 13:27

The rupee will continue to remain volatile and may weaken further against the dollar if the government doesn't address issues like dwindling FDIs and infrastructural bottlenecks, a survey said today.

"We need to move fast on the next round of reforms by addressing constraints such as land acquisition and environment which delay investments in industry and infrastructure. Also, We have to encourage FDI by easing of investment caps and continue rollback of fuel and fertiliser subsidies," the CII said in a statement.

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