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Expect contrasting fortunes in 2017; H1 more challenging than H2

We believe 2017 is going to be a year of contrasting performance with the first half being more challenging, driven by domestic and global events and the second half seeing a sharp recovery.
Rupee fair value between 55-65/$: BofA-ML

Indranil Sengupta, India Chief Economist, Bank of America-Merrill Lynch, says the rupee could appreciate to 65 levels versus the dollar by March 2016.

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Expect contrasting fortunes in 2017; H1 more challenging than H2

Rupee fair value between 55-65/$: BofA-ML