Deutsche Bank sees further rupee slide

08/21/2013 | Business Standard (India)

After breaching 64 to the U.S. dollar Monday, India's rupee could hit the 70 mark within the next month before regaining some ground later in the year, Deutsche Bank predicts. Although the currency is undervalued, "under a scenario of deep pessimism, currencies can overshoot substantially and remain so for a long time," the bank said in a research note.

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