Rupee weakness excessive: IndusInd Bank
By Ira Dugal | Published On: December 21, 2012 10:35 (IST) | Duration: 3 min, 19 sec
The rupee traded sharply lower on Friday due to global jitters around the US fiscal cliff. Weakness was accentuated due to bunched-up dollar demand from importers. However, Moses Harding of IndusInd bank says the weakness in the rupee is excessive and the currency should stabilize above 55.10/$ levels.