Rupee To Dictate Rate Trajectory: Macquarie Securities
  • Elizabeth George
  • Aug 05 2013

August 5: Macquarie Securities’ India Economist Tanvee Gupta Jain says the RBI measures have been sending confusing signals to the market. “We see the rupee trading between 59-62 per dollar,” she says, adding that the currency will determine the RBI rate direction. “If we see sustained rupee depreciation, it will be difficult for RBI to cut rates further,” she explains.