Rupee to remain in 44.85-45.35/$ range: IndusInd Bank

The development in western economies and the crisis in Japan will reduce capital account flows into India. RBI will continue to cushion rupee appreciation to keep exchange rate competitive for exports and to induce liquidity into the system, says Moses Harding, IndusInd Bank.

March 17, 2011 / 08:12 IST

Moses Harding, IndusInd Bank said that, "The development in western economies and the crisis in Japan will reduce capital account flows into India. RBI will continue to cushion rupee appreciation to keep exchange rate competitive for exports and to induce liquidity into the system. However, the dominant factor will be the interest rate differential. The range for the rupee is seen between 44.85-45.35/$."

first published: Mar 17, 2011 08:09 am

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