Rupee to eventually cross 60/USD: Rajeev Malik

Rajeev Malik of CLSA says the rupee will eventually weaken to cross the 60/USD mark in a sustained manner. "Admittedly, this is playing out sooner than we expected."

June 11, 2013 / 08:54 IST

Rajeev Malik of CLSA says Ironically, India has further opened up debt investment to FIIs just when global factors made that inflow into EMs less attractive. "The volatility and the swings in risk-driven foreign capital compromise rupee stability."

According to him, the rupee will eventually weaken to cross the 60/USD mark in a sustained manner. "Admittedly, this is playing out sooner than we expected."

first published: Jun 11, 2013 08:54 am

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