Rupee may slip below 64.30/$ on FII outflow, Greece crisis

The rupee is weakening because of sustained foreign institutional investor (FII) outflows.

CNBC-TV18's Latha Venkatesh said FII outflows exceeded inflows at the moment, adding ''the trade data, especially the export data, was not too strong and for the time being, both Reserve Bank of India and Government of India are not worried by an appreciating rupee.''

However, in India 64.30 is going to be an important resistance level, she said.

“This level is going to get crossed sooner or later and probably in several weeks time even 65 should not be a very unlikely level for the exchange rate,” she said.