Pessimistic on Rupee; will underperform Asian currencies: SEB Bank

Sailesh Jha, Head of Asia Markets Strategy at SEB Bank Singapore says that while Global macro-economic outlook has improved, concerns remain on solvency issue in Greece and European economies which is why they maintain a cautious outlook on Asian equities. He is further pessimistic on Indian rupee which, he says, is fundamentally weak and expects it to underperform the rest of Asian currencies. Bullish on Indonesian rupiah, Singaporean dollar and Korean won, he added.