HomeNewsBusinessMarketsRupee at 3-month high: Jamal Mecklai says next stop, 47/$
Trending Topics
Sensex Today
ITC Share Price
Vodafone Idea Share Price
IREDA Share Price
Eternal Share Price

Rupee at 3-month high: Jamal Mecklai says next stop, 47/$

Surprised by rupee's appreciation Mecklai told CNBC-TV18, "At the start of the year, FIIs need to position themselves, so they have brought money in, but now we are into February and money is still coming in. So, in terms of forecasting it is going clearly in one direction."

February 04, 2012 / 09:46 IST
Story continues below Advertisement
Remove Ad

Your browser doesn't support HTML5 video.

Foreign institutional invertors (FII) have pumped around Rs 15,000 crore so far this year, pushing rupee to a three-month high of 48.69 per dollar on Friday. Jamal Mecklai, chief executive officer, Mecklai Financial Services expects rupee to appreciate even more.

Surprised by rupee
TAGS: #Jamal Mecklai #Mecklai Financial Services #Rupee
first published: Feb 3, 2012 05:19 pm

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!

Follow Us On: Facebook twitter instagram linkedin youtube
Trending Topics
Sensex Today ITC Share Price Happy New Year Wishes Vodafone Idea Share Price Gold Rate Today Silver Price Today Goodbye 2025 Welcome 2026 Happy New Year 2026 Happy New Year New Year Resolutions
News
Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups
Markets
Home Currencies Commodities Pre-Market IPO Global Market Bonds
Personal Finance
Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance Tracker New Fixed Deposits Fixed Deposit Comparison Fixed Income
Mutual Funds
Home MC 30 Top Ranked Funds ETFs Mutual Fund Screener
Tools
Income Tax Calculator EMI Calculator Retirement Planning Gratuity Calculator Petrol Price in India Diesel Price in India IFSC Code
Community
Stock Markets
Network 18 Sites
News18 Firstpost CNBC TV18 News18 Hindi Cricketnext Overdrive
Quick Links
About Us Contact Us Advisory Alert Advertise with Us Disclaimer Privacy Policy Cookie Policy Terms & Conditions Financial Terms (Glossary) Sitemap Investors
Download MC Apps:

Copyright © Network18 Media & Investments Limited. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.