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Rupee Can Bounce Back Fairly Quickly: Saugata Bhattacharya

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How long can the short-term rates remain high? Saugata Bhattacharya, Senior VP at Axis Bank, says, “Keeping in mind stagnating exports and persistent imports, it is probably the only feasible set of measures to prop up the rupee at current levels,” he says, adding that more measures are needed in the medium term.