New Delhi, April 24 -- India's rupee is 'fundamentally undervalued', Chief Economic Adviser V. Anantha Nageswaran said adding that the present valuation offers a strong opportunity to nvestors looking at India

"For long-term investors, the rupee's current valuation provides an attractive entry point," V. Anantha Nageswaran told Bloomberg on Thursday.

The rupee remained under pressure this week as Brent crude stayed above $100 per barrel, erasing gains fueled by the central bank's measures to curb speculative arbitrage bets that had pushed the currency to record lows last month. Owing to the Middle East conflict, which have tightened key energy supplies, the rupee stayed on a downward track for the fifth straight day, losing 24 paise to ...