Thursday, August 22

Can rupee touch 70 to a dollar ?

Deutsche Bank came with an extreme bullish target of 70, Here are some expert of the Report
The rupee recovered by 10 paise to 63.15 against the US dollar in early trade today after the RBI announced fresh measures to curb volatility and ease liquidity situation.
Forex dealers said besides dollar selling by exporters, the Reserve Bank yesterday announced a slew of measures to ease liquidity, including Rs 8,000 crore bond buyback, to ensure adequate credit flow to the productive sectors of the economy, which also supported the rupee.
They said, dollar’s weakness against..
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