Rupee Drop Makes Valuations More Attractive
  • Gaurav Sarkar
  • Jun 26 2013

According to Jeff Chowdhry, Head-EM Equities at F&C Investments, the rupee drop has made market valuations more attractive. “Only negative sentiment is driving rupee lower, besides, the rupee at 60 per dollar is a pretty attractive level,” he explained. The rupee is not expected to drop further, he said, adding that the currency is seen strengthening going forward.