Rupee could test 44.15/$: Pradeep Khanna

The rupee has been flat on account of a weak dollar and appreciating Asian currencies, said Pradeep Khanna, HSBC.

May 03, 2011 / 08:04 IST

Pradeep Khanna, HSBC said that, "The rupee has been flat on account of a weak dollar and appreciating Asian currencies. The market is divided on the extent of rate hike by the RBI today. If RBI hikes rates by 50 bps, the rupee could test 44.15/$ level. However, in case of 25 bps hike, it could range between 44.25 - 44.50/$."

first published: May 3, 2011 08:02 am

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!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347