Rupee to stabilize at 54/$, markets to move higher: Religare
The rupee has lost a meaningful bit in value over the last few days. Dr.Tirthankar Patnaik, director and strategist-Institutional Research at Religare Capital Markets, believes the dichotomy of the stock market staying higher and the rupee weakening cannot continue for much longer. He thinks the rupee will stabilise at 54/$ and the market will continue to tread higher.
