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Rupee Direction Depends On Govt: Leo Puri

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October 15: Leo Puri, Managing Director at UTI AMC, says the RBI is as clear as it can be on policy direction now and it is clear rates will not ease in the next quarter or two. The rupee direction depends on the next steps taken by the government, he says, adding that some currency depreciation was welcome to rebalance inflation and CAD. However, he warns that one cannot take rupee direction for granted.