Import duty hike on gold is positive for rupee: Shenoi

The range for the rupee is seen between 56.45-56.80/USD, says Mohan Shenoi, Kotak Mahindra Bank.

June 06, 2013 / 08:47 IST

Mohan Shenoi, Kotak Mahindra Bank said, "The import duty hike on gold to 8 percent is rupee positive. However, dollar demand from importers and tapering custodial flows will be negative for the rupee. The range for the day is seen between 56.45-56.80/USD."

first published: Jun 6, 2013 08:47 am

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