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.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
