 "demonetisation, note ban, cash, rupee, 500, 1000, 10, 20, currency, notes")
When most currency experts are giving a call that Indian rupee could be fairly valued, but with a slight strengthening bias, brokerage firm Edelweiss expect rupee to weaken to 68-69 a dollar level by December on global political risk and strengthening of the US dollar.
December is still some nine months to come and indeed the factors mentioned could materialise, pulling down rupee beyond its record low of 68.85 a dollar that it reached on 28 August, 2013. The rupee, for now, seems to be bullish. The recent move by the rupee was so strong that it triggered margin calls
