The range for the rupee is seen between 56.45-56.80/USD, says Mohan Shenoi, Kotak Mahindra Bank.
Mohan Shenoi, Kotak Mahindra Bank said, "The import duty hike on gold to 8 percent is rupee positive. However, dollar demand from importers and tapering custodial flows will be negative for the rupee. The range for the day is seen between 56.45-56.80/USD."
First Published on Jun 6, 2013 08:47 am