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« Forex kitty swells $3.9 bn to $272 bn... | Net slips on higher forex loss... » |
Rupee likely to depreciate |
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August, 07th 2009 |
According to Manis Thanawala, Greenback Forex, the rupee is likely to depreciate on account of a strong dollar and marginally weak equities. Liquidity is likely to be thin due to the bank strike. The range for the day is seen between Rs 47.50-48 per dollar.
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