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Jun 22, 2012, 08.49 AM IST
The rupee is likely to be weak on poor global and local macro data, but an RBI intervention cannot be ruled out since the much feared inflation is set to subside on falling crude prices, says Pramit Brahmbhatt, Alpari India.
Pramit Brahmbhatt, Alpari India said, "The rupee is likely to be weak on poor global and local macro data, but an RBI intervention cannot be ruled out since the much feared inflation is set to subside on falling crude prices. The rupee is likely to trade between 56.30-57/USD with a weaker bias."
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