Rupee to move towards 52.5/$: IDBI Bank
The government's recent policy measures have helped revive sentiment for the rupee. The rupee which has already gained more than 4 per cent since the start of September is expected to gain further if the mood remains positive. NS Ventakesh, Head - Treasury, IDBI Bank expects the rupee to move up to 52.50/$, which would be a fair value for the Indian currency. Reports of the government's plans to hike the ECB limit are also likely to benefit the rupee.
