ETMarkets Smart Talk: Tightening monetary conditions could push Rupee to 85/USD in near term: R. Venkataraman
“We expect tightening monetary conditions and weakening global growth to weigh on domestic growth. We foresee $/INR at 85, but not materially worse, as the inherent strength of the domestic economy will play a role in influencing capital flows. We are on the road, but by no means at the end of it, and more volatility remains. “
