Rupee To Trade Weak Going Forward: Neeraj Gambhir
  • Elizabeth George
  • Sep 24 2013

September 24: Neeraj Gambhir, MD & Co-Head of Fixed Income India at Nomura, says the fact that India has a large CAD and a dependence on capital inflows and expected tapering will keep the currency under pressure going forward. We’ve seen a significant reversal of depreciation so far, he says, adding that we were in a currency defence mode but were not trying to defend against depreciation per se.