Expect rupee to trade in range of 62-63/USD: Ashutosh Raina

The trade deficit numbers for June quarter have been more or less on expected lines, which has lent some strength to the rupee, says Ashutosh Raina, HDFC Bank.

October 03, 2013 / 08:42 IST

Ashutosh Raina, HDFC Bank said, "The partial shutdown in US has led to dollar losing against all other major as well as emerging market currencies. Back home, the trade deficit numbers for June quarter have been more or less on expected lines, which has lent some strength to the rupee. Expect the currency to trade in the range of 62-63/USD today."

first published: Oct 3, 2013 08:42 am

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!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347