The fate of the rupee is to depreciate and 90/US dollar is the new normal: Nilesh Shah

The rupee’s “fate” is to depreciate further, and the 90 per dollar mark breached on Wednesday is the new normal for the Indian currency, a senior financial services executive said on Wednesday.Nilesh Shah, head of Kotak Mahindra Mutual Fund and also a part-time member of the Prime Minister’s Economic Advisory Council (EAC-PM), said India’s performance […]