Expect rupee to weaken: Arvind Narayanan

The range of rupee for the day is seen between 59.30-59.65/USD, says Arvind Narayanan, DBS Bank.

July 01, 2013 / 08:56 IST

Arvind Narayanan of DBS Bank says the rupee is expected to weaken primarily driven by underlying dollar demand by OMCs (oil marketing companies) and banks. "Also, weak Chinese manufacturing data is dollar positive," he adds.

According to him, the range for the day is seen between 59.30-59.65/USD.

first published: Jul 1, 2013 08:56 am

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