Rupee might stabilise at 68-69 a dollar: Garg
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 Subhas Chandra Garg today said.The rupee is already Asia’s worst performing currency and had touched an all-time low of 70.09 per US dollar on Tuesday.According to Garg, the current turmoil in Turkey, triggered by US sanctions, had not affected the perception of India. The flow of foreign portfolio investments (FPI) had not altered either and there had been no outflow…
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