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Rupee weakness excessive: IndusInd Bank

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  • Published On: December 21, 2012
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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.
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