Shri. Kamal Mahajan, Advisor – Treasury & Global Markets Bank of Baroda featured in an interview with CNBC TV 18 on 13th March said that the recent weakening of the rupee in a fear-soaked market is largely due to FII’s clamoring for a safe haven. Lower than expected inflation increases the hopes of a rate cut by RBI however profit booking and FII action are not likely to let yields fall.
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