Moneycontrol PRO
Black Friday Sale
Black Friday Sale

business

Re not likely to fall below 57 this year: Mecklai Financial

Jamal Mecklai of Mecklai Financial Services, says that he feels that the rupee is on a slippery slope. It has got to keep edging lower. He does not think that the rupee will fall below 57 this year and one needs to be careful that the market gets very illiquid at the end of the year.

first published: Nov 27, 2012 02:35 pm

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