Watch the interview of Manoj Rane of BNP Paribas India with Manisha Gupta on CNBC-TV18. He spoke about the strength of the dollar and how it will impact the Indian rupee and other emerging market currencies.
Unlike in 2013 when a swift fall had caught the market on the wrong foot, this time experts are not worried too much about the fall.
In early April, the Reserve Bank of India said it will allow Indian companies to raise rupee-denominated debt offshore - known as "masala bonds" - but it has yet to issue the final guidelines.
A CNBC-TV18 poll had anticipated the pace of growth to slide to 5 percent on the back of slowdown in industries, seen growing by 1.3 percent as against 4 percent on a quarter-on-quarter basis.
In an interview to CNBC-TV18, Manoj Rane, MD & Head Fixed Income & Treasury – India at BNP Paribas spoke about the easing of ECB norms by RBI
Manoj Rane, managing director and fixed income & treasury-India, BNP Paribas believes the woes on the current account deficit (CAD) are more currency specific now.