Direction of rupee to depend on flow of funds: Ashish Parthasarthy
The rupee may continue to remain weak due to macro concerns, but could see a revival if risk appetite improves, says Ashish Parthasarthy, treasurer, HDFC Bank. He adds that the key concern remains the political situation, which could keep markets nervous. He also adds that the RBI may consider open market operations or a CRR cut to address liquidity tightness.
