Rupee to weaken further on global economy; fundamental weakness: Expert
PUBLISHED ON: May 21, 2012 | Duration: 3 min, 08 sec
Mitul Kotecha, Head Of Global Currency Strategy at Credit Agricole CIB, speaks about currency market. He says that rupee has fallen due to a combination of factors with risky global environment along with some fundamental weakness in the currency, economy due to lack of reform measures. "Pressure on rupee will continue to next few weeks with rupee heading towards psychological level of 55/$," he says.