Moneycontrol PRO
Loans

business

Rupee to touch 62/$; RBI has tools to fight back: Macquarie

Nizam Idris, Head of EM Fx Strategy, Macquarie sees pressure in rupee due to strengthening of dollar. He told CNBC-TV18 that he is expecting rupee to breach the 61 per dollar mark.

first published: Jul 8, 2013 10:29 am

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