The Indian rupee rose by
22 paise to 53.92 per US dollar in early trade on Wednesday as against previous
day’s close of 54.14 per dollar.
According to Himanshu Arora of Religare, the rupee may
strengthen further today as the drop in gold and crude prices will
help cap India’s current account deficit in the short-term.
He feels Finance Minister’s statement that India is committed to
reduce its fiscal deficit may further underpin the rupee.
To Get Free Tips:
9770670009, 0731-3299704
0 comments:
Post a Comment