Currency Is A Trending Animal: Madhav Dhar
  • Elizabeth George
  • Oct 07 2013

October 7: Madhav Dhar, Managing Partner at GTI Capital Advisory Services, says the currency’s fair value is in the middle to high-50s. The 68-69/$ level was “ridiculous”, and the rupee should strengthen from here, he says. “The worst is behind us and the country is moving in a positive direction,” he says, adding that recent evidence shows there is a broad upward trend.