Published on Mon, Jun 30, 2008 at 18:42 | Source : CNBC-TV18
Updated at Tue, Jul 01, 2008 at 16:18
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See more bond auctions later this year: Axis Bank
RVS Sridhar, Senior Vice President Treasury, Axis Bank, said it would convey too much of negativity to the market if the dollar-rupee were to fly off the Rs 43 dollar level. He added that bond auctions could come in later.
RVS Sridhar, Senior Vice President Treasury, Axis Bank, said it would convey too much of negativity to the market if the dollar-rupee were to fly off the Rs 43 per dollar level. He added that 10-year bond auctions could come in later.
Excerpts from CNBC-Tv18's exclusive interview with RVS Sridhar:
Q: There wasn't any sign of Reserve Bank of India intervention, but do you think RBI will be back to protect Rs 43 per dollar levels?
A: Yes, we think so.
Q: Do you see any evidence of some concerted, motivated dollar supplies?
A: I don't think this is prominent at this point in time. At this level, the rupee came off last time. We think this level will be protected at another time. It would convey too much negativity to the market if the dollar-rupee were to fly off the Rs 43 per dollar level.
Q: Trading has been very thin on the 10-year bond. What are the fears in the market? Could there be an extra bond auction in July itself?
RVS Sridhar
