Expect rupee to trade between 61.70-62.40/USD: Raina

The resultant rally in stocks extended to currencies as well with the dollar-rupee pair breaching 62/USD, says Ashutosh Raina, HDFC Bank.

February 18, 2014 / 08:47 IST

Ashutosh Raina, HDFC Bank said, "Vote on Account yesterday cheered the markets due to the fact that FM has been able to meet his fiscal targets.The resultant rally in stocks extended to currencies as well with the dollar-rupee pair breaching 62/USD."

"The next support is at 61.70/USD, break of which opens gates to 61/USD. Expect rupee to trade between 61.70-62.40/USD."

first published: Feb 18, 2014 08:47 am

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