We are much better placed than in 2013 with our overall fundamentals much stronger - higher foreign exchange reserves, a more favourable growth-inflation mix and an institutional framework for targeting inflation, says B Prasanna.
Possible slowdown of FII money into debt and equity markets could add pressure on currency.
Global events will continue to be in the limelight, besides domestic policy.
Can we find fault with RBI for not intervening enough in the market? Actually no, say some experts. A correction in rupee was long overdue.
May touch 64/$ due to foreign flows slowing down
A gradual increase works best for the US, as well as global markets, says Nizam Idris managing director, head of strategy (fixed income and currencies), Macquarie Bank.
It would be a miracle indeed if we grow at 7/8 per cent a year over the current and next few years, says A V Rajwade
'The big elephant in the room is our misguided view about the rupee.' 'India is scared that if our currency appreciates, who will buy from us. But a breakout is inevitable.'
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