Partho Mukherjee, President- Treasury & International Banking, Axis Bank in an interview to CNBC-TV18 said the situation in Europe and Greece could be a problem for all currencies including rupee. If something drastic happens in Greece then more volatility and weakness could be seen in rupee.
"However, if one leaves aside the situation in Greece, 47.50 would be floor for rupee. Citing the near-term range for rupee, Mukherjee said, " I would not see rupee going beyond 47.50 levels. On the other hand if it were to rebound I would not be surprised to see rupee rebounding over 47. Also Read: BOP, interest differential in favour of Re says StanChart Bank Below is the edited transcript of MukherjeeDiscover 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!
