Rupee seen between 54.10-54.50/USD: Mohan Shenoi

FOMC minutes released yesterday spoke of trimming debt purchases, which led to a sell-off in crude and gold and consequently the dollar strengthened, says Mohan Shenoi, Kotak Mahindra Bank.

February 21, 2013 / 08:42 IST

Mohan Shenoi, Kotak Mahindra Bank said, "FOMC minutes released yesterday spoke of trimming debt purchases, which led to a sell-off in crude and gold and consequently the dollar strengthened. Lower gold price is likely to increase domestic demand, which could result in rupee weakness. The range for the day is seen between 54.10-54.50/USD."

first published: Feb 21, 2013 08:42 am

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