Expect rupee to remain resilient in near-term: Patnaik

Tirthankar Patnaik, Mizuho Bank expects the rupee to remain resilient in the near-term relative to peers but the rupee is yet to factor in worsening of the Greek crisis.

He also expects gradual depreciation in the currency and the normalisation towards emerging market peers to continue. Despite recent depriciation, the rupee remains an outperformer across emerging market currencies, Patnaik said.

He expects the rupee to move towards 65/USD by year-end.