Rupee Looks Oversold Currently: Adrian Mowat
  • Gaurav Sarkar
  • Aug 19 2013

19 August: Chief Asian & Emerging Market Equity Strategist at JPMorgan, Adrian Mowat, states that QE tapering has been putting a lot of pressure on emerging markets off late. And the global economic situation is impacting Indian markets, he adds. He says the rupee looks oversold currently and explains that rupee depreciation is more on capital flows and BoP issues. He advises investors to expect near-term weakness in the currency to continue.