Thursday, August 22, 2013

Can rupee break 70/$? Yes, if these 4 conditions aren’t met

T
he rupee has already broken the 64 mark against the dollar. Market analysts fear that the Indian currency may touch 70 against the dollar in the near-term. According to Nizam Idris, head - EM FX Strategy of Macquarie, the rupee may break that psychological mark based on these four conditions........

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