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Our Bureau

MR K.V.KAMATH

New Delhi, May 25

ICICI Bank, the country's largest private bank, said on Thursday that the rupee would continue to be under pressure to appreciate against the dollar as long as capital inflows exceed outflows. "There will be pressure on the rupee to strengthen as long as inflows exceed outflows," Mr K.V. Kamath, ICICI Bank CEO, told presspersons on the sidelines of an industry function here on Thursday.

The rupee hit a nine-year high of Rs 40.50 on Monday. He added that interest rates in the country were currently showing a moderating trend. "I believe interest rates are moderating. But if they continue to rise, it can put pressure on the economy," Mr Kamath said.

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