Will the rupee continue to appreciate or head south?

The currency has gained 4% YTD, rallying close to a 17-month high versus the dollar

Published 4 years ago on Apr 04, 2017 1 minute Read

Madan Sabnavis, chief economist, CARE Ratings

For the rupee to stay robust, both the current and capital account need to be strong and that doesn’t seem likely. In the current account, we could see a decline in remittances and software receipts. The first would be triggered by falling oil revenues in the Gulf impacting remittances from Indians employed in the region. Further, Trump’s curbing of H1B visas would have a direct imp


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