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Re to touch 54-56/$; chance of self-correction low: Experts

Even though the Indian currency is breaking lows, experts believe that this is not the end of the rupee’s bearish rally.

November 21, 2011 / 22:17 IST
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With the lowest ever closing of 51.16 per dollar, the Indian currency is breaking all support levels. As demand for the dollar increases, Moses Harding, executive vice president and head of wholesale banking at IndusInd Bank says that the rupee could fall as low as 54-56 per dollar.

TAGS: #dollar #Indian currency #Indus Ind Bank #Reserve Bank #Rupee #Shubhada Rao #Yes Ban
first published: Nov 21, 2011 08:52 pm

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