INSUBCONTINENT EXCLUSIVE:
FPIs had not altered either and there had been no outflow in July, Garg said.Kolkata: The rupee, which has taken a severe battering of late,
is expected to stabilise at 68-69 per US dollar level riding on positive capital inflows this month, Economic Affairs Secretary Subhash
The rupee is already Asia's worst performing currency and had touched an all-time low of 70.40 per US dollar on Thursday
portfolio investments (FPI) had not altered either and there had been no outflow in July, Garg said while speaking at an interactive session
the last year the total outflow was $20 billion, he added
will be affected if China devalued its currency, he said that for the first time in the last 20 years, the Chinese economy had experienced
So far, the depreciation of the Chinese yuan was not so high
Even if the Chinese currency is devalued, India will not be affected as long as the depreciation of all currencies vis-a-vis the dollar was
Owing to high oil prices, India's CAD had risen to 1.9 per cent for which the rupee was depreciating
This called for a need for higher capital inflows, he added.
