Need Focus On Getting Flows Into India: Ajay Mahajan
  • Saba Ashraf
  • Aug 16 2013

August 16: Despite the significant capital controls and fresh curbs on gold imports by the RBI, the rupee today hit 62 per dollar with significant weakness seen in equity markets. Ajay Mahajan, Partner at R-Square Advisors, says the Fed QE unwinding and domestic factors are sending the rupee lower. “The government aims to stabilise a fast depreciating rupee but RBI measures will have an adverse impact on foreign investors,” he adds.