One of the asset classes which appears to have been a little more steady has been the rupee. On Friday, when the rupee touched 45.70, there was a fear that that was an important support level for the rupee which was giving way. Today, however, the first signs of tremours hit the currency. When the markets opened deep in the red today, the rupee became as cheap as 46 to the dollar.
Hemant Mishr, Head Global Markets South Asia, Standard Chartered Bank, in an interview with CNBC-TV18Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
