General Atlantic Says Rupee Decline Good for PE

(Reuters) - U.S. private equity firm General Atlantic said on Friday the sharp depreciation of the Indian rupee and a stock market decline have created a good entry point for private equity investments in the South Asian nation. A combination of slowing growth and widening fiscal and current account deficits is weighing on the Indian rupee. The rupee was the worst performer among Asian currencies last year, losing close to 16 percent against the dollar.

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