Speaking to CNBC-TV18, Ray Farris of Credit Suisse said that the rupee in the emerging market basket of 20 currencies which he covers is relatively strong. The Indian rupee has fallen by over 2 percent since November 8, but it is the best performing currency among the 20 currencies he looks at, he said.
He believes the US dollar will depreciate against the EM currencies. “We think dollar rupee will grind higher up to 69.50 in the next year.Watch video for more...
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