Rupee's bull run may end soon: Bankers & CFOs

Experts say the rupee movement is largely due to continuous, large foreign flows into local assets

The rupee may have some more steam left to strengthen, but should eventually settle down once the dollar starts strengthening on US tax reforms and the Federal Reserve adopting a softer stance on how quickly it would get rid of toxic assets in its bloated balance sheet. 

The rupee has appreciated 5.5 per cent against the dollar in 2017 so far. Bankers and chief financial officers (CFOs) told Business Standard that the rupee movement was largely due to continuous, large foreign flows into local assets.

Arundhati Bhattacharya, State Bank of India (SBI) chairman, said, “We believe this trend will continue