Rupee may trade between 52-53/$ unless govt takes further action: UBS
The rupee continues to strengthen further moving towards 52.50/$. However, most market participants don't expect the rupee to strengthen much further from current levels. Ashish Vaidya, Head-FICC Trading, UBS feels that the rupee should trade between 52-53/$ unless the government takes more action. "In the case of more action to help draw in foreign inflows, a move to 50/$ cannot be ruled out," he added.
