Karvy Stock Broking has come out with its report on currency. As per the research firm, rupee range for the day is seen between 53.25-53.80/USD.
Chirag Talati, pharma analyst, Espirito Santo Securities says the RBI's move to boost the Indian currency by asking exporters to convert 50% of their foreign exchange holdings into rupees will not have a significant impact on pharma companies.