Could the September rate hike be the last one by RBI? Jayesh Mehta answers

“We will be seeing some momentum on the rupee depreciation side. But will it stay there? It does not look like it. Even if we look at it, FPI flows have started trickling in. FDIs are still continuing to come in and we will be definitely going back below 80. So temporarily we can go to 81, 81.50. It is just the number, it does not matter.”

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