Mitul Kotecha, Global Head of Currency Strategy, Credit Agricole said the data flows in Indian market have been encouraging. However, he says the rupee is seeing on risk aversion as tensions in Ukraine flared up and weak China data renewed concerns about global growth. “We are still concerned in the coming weeks and months that higher US treasury yields will reduce the flow of capital to India and other emerging markets. And on that basis, we still see some downside risks in the weeks and months ahead,” he told CNBC-TV18’s Reema Tendulkar and Ekta Batra.
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