Bhaskar Panda on Fed rate hike, rupee depreciation & coming RBI policy
“The hawkish stance of the Fed, which I personally was expecting, has catapulted the dollar index to another level. So in that case, rupee would be the collateral damage and it could go to 84 or whatever against the dollar. Then probably we have to see whether RBI again has to come in and arrest the rupee fall.”
