Rupee may touch 41-mark: StanChart Bank

Callum Henderson, Head of Currency Strategy of Standard Chartered Bank comments on the rupee's nine-year high.

According to him, the market is surprised by the pace of rupee appreciation. He does not see the rupee rally ending. In his view, it may take a shot at the 41-mark.

When inflation comes down, there may be a correction. He also adds, Indian growth is strong, which is attracting capital flow. High Indian interest rate is attracting carry trade in the rupee.