Will FOMC Minutes Impact Rupee?
  • Gaurav Sarkar
  • Aug 21 2013

Ajay Marwaha, Head- Trading, and Treasury, HDFC Bank, advises investors to watch out for any incremental damage from the minutes that the US Federal Reserve is going to announce today. He believes that some of the “hot positions” on the dollar could be curbed, which will be beneficial to the rupee. Thus, without any domestic measures being implemented, the rupee might see some relief.