Rupee Will Trade In Narrow 61.60-62/$ Range: NS Venkatesh
  • Elizabeth George
  • Oct 09 2013

October 9: IDBI Bank’s NS Venkatesh says the RBI’s move to cut MSF rates has improved liquidity in the markets and is a very welcome step. A relatively stable rupee allowed RBI to partially roll back the MSF, he says, adding that strong trade data, with deficit below $10 billion, should further support the currency. In this segment, he goes on to explain the outlook for oil demand, the currency and bond yields.