Was Rupee Unprepared for Fed QE Statement?
  • Prabha Hegde
  • Jun 20 2013

The rupee has been the worst hit by Fed’s statements on QE on fears of FII outflows, though Moses Harding, Exec Vice President, IndusInd Bank believes it had factored in such an expectation when it slid from 54 to 59 per dollar. He added that the rupee has also been suffering due to CAD, etc. So it was expected to weaken to close to 60/$.