Rupee fall to continue, current account deficit should be lower: Rajeev Mahrotri

The Indian rupee touched a record low of 54.46 to the US dollar on Wednesday. It is one of the weakest currencies in Asia. This is largely because India is a net importer of goods and services and hence has a high current account deficit. Rajeev Mahrotri, Head-Trading, Global Markets Group at IndusInd Bank told NDTV Profit that there is a need for a lower current account deficit to help the rupee dollar come to equilibrium. "The current trend of the rupee's fall will continue for a while," he cautioned.