IndusInd Bank sees some Re weakening this monthend itself

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12-19-2007, 04:33 PM	#1 (permalink)
admin Status: Administrator Join Date: Jul 2007 Posts: 9,595	IndusInd Bank sees some Re weakening this monthend itself Speaking to CNBCTV18, Ashit Parekh, Head of FX, IndusInd Bank said there is an expectation of depreciation of the rupee and that markets may see a bit of rupee weakening this month itself. “As we are looking at FII flows drifting down, or a lack of inflows and a bit of outflows increasing, I think we are seeing the rupee depreciating,” he added. More... __________________ http://www.strod.com http://www.errorforum.com http://forum.errordb.com http://www.jeqq.com

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