Rupee seen between 55.72-56.28/USD: Pramit Brahmbhatt

Month-end dollar demand by oil importers along with likely slower growth, which may be seen in Friday's Q4 GDP report could add more pressure on the rupee, says Pramit Brahmbhatt, Alpari.

May 29, 2013 / 09:10 IST

Pramit Brahmbhatt, Alpari said, "The rupee is likely to be rangebound with a slight negative bias as positive US data strengthened the dollar. Also month-end dollar demand by oil importers along with likely slower growth, which may be seen in Friday's Q4 GDP report could add more pressure on the rupee. The range for the day is seen between 55.72-56.28/USD."

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