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Rupee Should Be 58-60/$: Ajay Marwaha

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Ajay Marwaha, Head- Trading, and Treasury, HDFC Bank, states that on a mere trade weighted basis, the rupee should be at 58-60/$. He believes that at this point in time, all that is happening internationally is factoring into the dollar index which is creeping into emerging markets and thus impacting the currency. “Beyond 64-66/$, the rupee will start looking undervalued,” points out Marwaha.