Madhusudan Kela: Rupee Depreciation On Expected Lines, May Fall Further Against The Dollar

Veteran investor Madhusudan Kela is not the least surprised with the massive fall in the Rupee in the past month. In an exclusive conversation with Business Today Editor Siddharth Zarabi, the veteran investors says the depreciation has been on expected lines. “Till about three months back, the Rupee was unusually strong. RBI was clearly intervening and were defending the currency,” says Kela, adding that, “Rupee was the second or the third best currency in the world just six months back. So the fall is not that bad.” The Founder of MK Ventures also commented on Budget 2025, praising its impact on consumers and capex growth while maintaining fiscal discipline.