Moneycontrol PRO

business

Deutsche Bank sees Re over 54.2 if global weakness persists

Sameer Goel, head of Asia rates and currency research at Deutsche Bank feels rupee looks undervalued by 10-12% and oversold in the short-term. He also indicated that the weak global sentiment can last longer and Rs 54.20 per dollar could be breached if global weakness continues.

first published: Dec 22, 2011 12:55 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