Rupee seen between 60.50-61.30/USD range: Ashok Gautam

Latest RBI moves which have allowed banks to raise equivalent to 100 percent of Tier 1 capital from Institutional investors upto November 30 continue to help sentiment, says Ashok Gautam, Axis Bank.

October 11, 2013 / 08:45 IST

Ashok Gautam, Axis Bank said, "Likely thaw in US debt ceiling stand-off is rupee positive. Additionally, latest RBI moves which have allowed banks to raise equivalent to 100 percent of Tier 1 capital from Institutional investors upto November 30 continue to help sentiment. The range for the day is seen between 60.50 - 61.30/USD."

first published: Oct 11, 2013 08:45 am

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