Rupee may appreciate further: N Subramaniam

The rupee might continue to appreciate further on the back of weaker dollar and possible recovery in the domestic stock market, says N Subramaniam, Pinnacle Forex.

January 12, 2011 / 08:05 IST

N Subramaniam, Pinnacle Forex said that, "The rupee might continue to appreciate further on the back of weaker dollar and possible recovery in the domestic stock market. Unwinding of long dollar position could put the rupee back to a level closer to 44.90/$. The range for the day is seen between 44.90- 45.20/$."

first published: Jan 12, 2011 08:04 am

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