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RUPEE AT CLOSE - Rupee Ends At 66.92/$ Vs 67.01/$ On Friday SIEMENS - Bags Order Worth Rs 287 Cr Form Nagpur Metro Rail Corporation

Funding C.A.D A Major Task: Kotak AMC

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September 4: Kotak AMC’s Alroy Lobo says the rupee is overdone; it should be trading in the range of 60-65 per dollar going ahead. “We have structural issues in the current account, but some of the causes of high C.A.D are self-correcting,” he says, adding that it seems the C.A.D can be contained. “We need external non debt funding to aid C.A.D, which will be a function of growth,” he adds.