Rupee continues to depreciate: Claudio Piron

A conservative estimate is rupee goes to 70/USD by year-end and to 75/USD by the end of 2014, says Claudio Piron, BofA ML.

August 29, 2013 / 08:43 IST

Claudio Piron, BofA ML said, "Rupee continues to depreciate and we have to wait for the current account to correct and assume less foreign institutional investor inflows under Fed QE tapering. A conservative estimate is rupee goes to 70/USD by year-end and to 75/USD by the end of 2014. Among likely policy action are NRI bond issuance, rate hikes and capital controls."

first published: Aug 29, 2013 08:43 am

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