New Delhi, April 22 -- The Indian rupee is structurally on a weakening path and could eventually touch the psychologically significant 100-per-dollar mark, but this should not be a cause for concern if the depreciation remains gradual and orderly, according to Kotak Mahindra Asset Management Company Managing Director Nilesh Shah.

Speaking to ANI in an interview, Shah said that "destiny of rupee is to depreciate," attributing the trend to macroeconomic fundamentals such as higher inflation and relatively lower productivity compared to India's trading partners.

"Despite India being the fastest growing major economy, our inflation is higher than our trade partners and our productivity is lower... so for my economy to remain competitive, ru...