Mitul Kotecha, global head of currency strategy, Credit Agricole says the rupee could end up around the 60-61 level in the matter of days or weeks. He feels once the rupee touches 60-61 against the USD, it would look like a pretty cheap currency to hold. Overall my models would suggest that it is already looking undervalued.
first published: Jun 11, 2013 06:29 pm
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