Rupee may trade between 58.80-59.50/USD: Mohan Shenoi

EM equities, bonds and currencies should see gains and the rupee could trade between 58.80-59.50/USD, says Mohan Shenoi, Kotak Mahindra Bank.

July 11, 2013 / 08:53 IST

Mohan Shenoi of Kotak Mahindra Bank feels dovish comments by Bernanke and indication in FOMC minutes that further improvement in the labour market outlook is needed for tapering asset purchases has led to dollar weakness.

"EM equities, bonds and currencies should see gains and the rupee could trade between 58.80-59.50/USD," he adds.

first published: Jul 11, 2013 08:53 am

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