Expect rupee to depreciate further: Rajeev Malik

The rupee could break above 60/USD in early 2014 and possibly depreciate to 62-65/USD. Rajeev Malik of CLSA expects the rupee to depreciate further, but the trajectory won't be a straight line.

June 24, 2013 / 08:56 IST

Rajeev Malik of CLSA said, "We expect the rupee to depreciate further, but the trajectory won't be a straight line.

"Given the recent outsized rupee move, it will find some near-term respite because of more measures to encourage capital inflows and the anticipated improvement in the CAD (current account deficit)," he added.

According to him, the rupee could break above 60/USD in early 2014 and possibly depreciate to 62-65/USD.

first published: Jun 24, 2013 08:56 am

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