Real Effective Exchange Rate

The RBI’s interventions have been criticized and have found support too

Chart of the Day: REER shows a stable rupee is not necessarily at fair value

The RBI’s interventions are keeping the rupee in a tight band, but not avoiding overvaluation

'Real impact of rupee fall limited due to low inflation'

Finance secretary Rajiv Mehrishi is not too perturbed by the rupee fall. He says while the currency has devalued against the dollar, it has appreciated against other currencies.

Good if rupee weakens to 65-65.5/USD on yuan dip: Stanchart

The weakening of the yuan has both positive and negative implications for India, Narayan says, adding that a depreciation in the rupee to 65-65.5 to the dollar would be great news as the Indian currency is overvalued.

See volatile mkts over 2-3 months; like industrials: Ambit

Vaibhav Sanghavi, Managing Director at Ambit Investment Advisory, explains: "We expect earnings to grow by 20% in FY17 and 12% this year. So going by sheer earnings growth, even without a massive re-rating in the markets, cumulatively we will grow 32-33% in two years, which takes the index number from 8500 to 11000."

Rupee to remain weak, may hit 57.30/$ in short-term: HSBC

Although the rupee was weak and continues to fall; it would only be in the short-term. Stability in the rupee would be back soon, Dominic Bunning of HSBC said.

RBI likely to raise rates by 75 bps in 2011: Nomura

There is a growing fear among experts that rising crude and commodity prices could derail the efforts to contain inflation, which has started moderating. Rob Subbaraman, Chief Asia Economist, Nomura feels that inflation is going to stay stubbornly high not only in India but in most of Asian countries.