HomeNewsBusinessMarketsLow inflows to pull rupee lower, wise to be long:Vertex Sec

Low inflows to pull rupee lower, wise to be long:Vertex Sec

Managing director at Vertex Securities, Ashok Mittal says there is nothing on the inflow side that is encouraging. He says, “Rupee depreciation will continue for some more time and therefore, it is better to be on the long side as far as dollar-rupee is concerned.”

June 13, 2011 / 15:45 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

The rupee fell on Monday following the weakness in the euro, Asian currencies and local shares. The weakness in the rupee and strength in the dollar is in keeping with the global factors.

Managing director at Vertex Securities, Ashok Mittal says there is nothing on the inflow side that is encouraging. He says,
first published: Jun 13, 2011 02:53 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!