RBI may issue bonds; positive for Rupee: Sushil Finance
Sushil Finance has come out with its report on currencies. According to the research firm, RBI may issue government bonds which may act positive for Indian rupee.
July 19, 2013 / 12:40 IST
Sushil Finance's report on curency
We expect Rupee to depreciate today on the back of weak global market sentiments, demand for dollar from Importers along with the worries over funding of Current Account Deficit (CAD). Further, rise in worries over FII outflows may keep currency under pressure. However, weakness in DX, RBI measures to curb sharp depreciation in Indian Rupee by tightening liquidity along with Indian Government decision to relax the foreign direct investment (FDI) rules in some sectors to attract capital inflows may prevent sharp depreciation in the currency or even reversal may be seen. Additionally, RBI may issue government bonds which may act positive for currency.Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. 
Read More
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
