Rupee seen between 53-53.40/USD: Mohan Shenoi

Sustained appreciation of the rupee below the 53/USD level seems unlikely in view of the current account deficit, says Mohan Shenoi, Kotak Mahindra Bank.

February 07, 2013 / 08:47 IST

Mohan Shenoi, Kotak Mahindra Bank said, "Sustained appreciation of the rupee below the 53/USD level seems unlikely in view of the current account deficit. The rupee is expected to be rangebound ahead of the ECB and BOE rate decisions later today. The range for the day is seen between 53-53.40/USD."

first published: Feb 7, 2013 08:47 am

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