business

Rupee to hover around 52-54 per dollar mark: Macquarie Bank

After S&P's negative rating outlook yesterday, Nizam Idris of Macquarie Bank believes that its implications can be far reaching if other rating agencies also follow suit. Mulling about a possibility of a downgrade in the absence of reforms, Idris expects the rupee to hover around the Rs 52 to Rs 54 per dollar rate.

first published: Apr 26, 2012 10:33 am