The Indian currency is struggling to hold on against the dollar. After sinking to a life-time low yesterday, some dollar sales by the RBI has arrested the INR today. However, experts feel that the Indian currency will continue its losing streak for some more time.
Patrick Perretgreen, Head of FX & Rates Strategy for Asia at Citigroup tells CNBC-TV18 that the recent fall in rupee is not surprising, especially, when compared to other emerging market rates.
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