Rupee could fall to 86 to a dollar; 87 looks unlikely now: Jayesh Mehta
Jayesh Mehta from DSP Finance explains the recent rapid depreciation of the rupee and its connection to the new RBI governor. He discusses the potential impact of FPIs and global market conditions on the rupee's stability. The RBI may continue rolling over maturities to ease the pressure. The rupee may hover around 86 but reaching 87 seems challenging.