Rupee may gain in early 2013: Kotak Mahindra Bank
By Ira Dugal | Published On: December 26, 2012 10:35 (IST) | Duration: 5 min, 12 sec
The rupee may remain rangebound in the final week of the year, but could see an upmove in January as fund flows pick up, says Mohan Shenoi of Kotak Mahindra Bank. He adds that bond yields may move below 8.10 per cent, but a move below 8 per cent is only likely if the RBI cuts repo rate at its January meeting.
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