CLSA retains 2014-end forecast of rupee at 65/USD

RBI has announced issuance of short-term paper to mop up liquidity in order to stabilise the rupee, says Rajeev Malik, CLSA.

August 12, 2013 / 08:55 IST

Rajeev Malik, CLSA said, "RBI has announced issuance of short-term paper to mop up liquidity in order to stabilise the rupee. The rupee will have a marginal positive reaction, but other asset classes such as bonds and equities will likely be weaker. We retain our 2014-end forecast of 65/USD for the rupee."

first published: Aug 12, 2013 08:55 am

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