Oversold rupee may recover to 68 as oil peaks: SBI official
The rupee may strengthen back to 68 per dollar as crude price peaks out and investors realise the currency has been sold off too heavily, SBI's Vice President (Global Markets) Shantanu Shukla said. "In the short term, the rupee is suffering from the market sentiment," he added. The rupee is Asia's worst-performing currency this year, dropping 11.5% against the dollar.