India-US trade pact: ‘Deal removes hanging sword over rupee’

India Inc’s leaders also heaved a sigh of relief at the definite step towards a full-fledged India-US trade deal. “The India-US trade deal has gone through ups and downs like a roller coaster. While the devil is in the details, it removes a hanging sword over the rupee, equity and rates market,” said Nilesh Shah, MD of Kotak Mahindra AMC.

India-US trade pact: ‘Deal removes hanging sword over rupee’
India Inc’s leaders also heaved a sigh of relief at the definite step towards a full-fledged India-US trade deal. “The India-US trade deal has gone through ups and downs like a roller coaster. While the devil is in the details, it removes a hanging sword over the rupee, equity and rates market,” said Nilesh Shah, MD of Kotak Mahindra AMC.