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Lower oil prices, cheap valuations could push rupee to 54: StanChart

PUBLISHED ON: May 23, 2012 | Duration: 4 min, 40 sec

  
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Priyanka Kishore, Forex strategist, Standard Chartered Bank says that the upside to the rupee depends on the future of RBI-government measures and the global backdrop. She adds that cheap valuations and lower oil prices are two silver linings that could push the rupee to 54 to US dollar along with policy initiatives.
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