Expect Rupee To Depreciate Further Before Stabilising: Mizuho Bank – Mizuho Bank expects the Indian rupee to depreciate further before stabilising, its Strategist Tirthankar Patnaik said.
“Global uncertainty and higher crude prices will weigh on the rupee,” adding that the pressure on the local currency is fairly strong.
“Real effective exchange rate is still around 106-107 and one could expect more rupee depreciation based on that,” he added.
