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Sentiment In India Changes Very Quickly: Keki Mistry


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September 17: Keki Mistry, Vice-Chairman and CEO at HDFC, says a month ago negative domestic data along with global events created a lot of panic that led to a huge sell off in the currency and money moving out of India. Then the RBI governor’s comments a week later and some positive data revived optimism, he says. “The pace of rupee depreciation was unwarranted; it will eventually settle between 59 and 62 to the dollar,” he adds.