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Feb 22, 2013 08:39 AM IST | Source: CNBC-TV18

Rupee weakness looks temporary: Ashok Gautam

The euro breaking the crucial support level of 1.32 and the significant fall in gold prices will add to dollar demand, says Ashok Gautam, Axis Bank.

Ashok Gautam, Axis Bank said, "The euro breaking the crucial support level of 1.32 and the significant fall in gold prices will add to dollar demand. Rupee weakness looks temporary, as strong inflows are likely due to the recent the bond auction. The range for the day is seen between 54.40-54.85/USD."
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