Rupee seen between 59.25-60.25/USD: Ashok Gautam

The possible intervention by RBI and some likely big ticket inflows may check the fall in rupee, says Ashok Gautam, Axis Bank.

June 21, 2013 / 08:41 IST

Ashok Gautam, Axis Bank said, "The rupee is showing weakness due to capital outflows and weakness in other EM (emerging market) currencies. Strong dollar buying in offshore markets is also adding to the pressure. Possible intervention by RBI and some likely big ticket inflows may check the fall in rupee. The range for the rupee is seen between 59.25-60.25/USD."

first published: Jun 21, 2013 08:41 am

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