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NEWSFLASH : Gujarat Cadre IAS Tapan Ray Appointed As Secretary, Economic Affairs

Rupee At 62/$ Can Be Problematic: Axis Bank

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Saugata Bhattacharya, Senior VP, Axis Bank, said that companies with large forex debt exposure will be adversely impacted if rupee hits 62 per dollar level. “And there might be concerns surrounding macro-economic factors like inflation if the rupee depreciates further,” he added.