Profit

Advise a hold on rupee: FICC Capital

PUBLISHED ON: May 17, 2012 | Duration: 16 min, 48 sec

  
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The rupee fell to a new record low against the dollar on Thursday as domestic stocks gave up gains. Speaking to NDTV Profit, Ajay Mahajan, MD, FICC Capital said that there are multiple choices to stem the rupee. "We advise a hold on the rupee. We hope for announcements to control the currency and also hope for revival in the Indian market," he said.
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