India, Rupee Will Continue To Face Pressure: John Woods
  • Elizabeth George
  • Sep 13 2013

September 13: Citibank Chief Investment Strategist John Woods says emerging market currencies will continue to see a downward trend, though North Asia is expected to outperform. “Rupee was oversold; it will remain under pressure until policy is enacted and not just announced,” he says. India will also face pressure due to the twin deficits, slowing growth and a ratings overhang, he says, adding that the outflow risks still remain.