From the Economic Times: Greece exit to cause contagion effect in emerging markets

http://economictimes.indiatimes.com/markets/analysis/greece-exit-to-cause-contagion-effect-in-emerging-markets-kotak-mahindra-bank/articleshow/13203644.cms

17 MAY, 2012, 11.45AM IST, ET NOW 

Greece exit to cause contagion effect in emerging markets: Kotak Mahindra Bank

"Predicting that rupee will be volatile in the coming time and may inch towards the levels of 55-56, Indranil Pan, Chief Economist, Kotak Mahindra Bank told ET Now that macroeconomic conditions of India are weak and therefore foreign investors are hesitant to put money in the country."