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Rupee gains unlikely to sustain: HDFC Bank

PUBLISHED ON: January 21, 2013 | Duration: 7 min, 40 sec

  
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After strong gains last week, the rupee moved lower on Monday. Ajay Marwaha of HDFC Bank explains that the rupee is unlikely to sustain gains due to the strong demand for the dollar, particularly from oil companies. He adds that bond markets are still building in a fairly high probability of a 50 basis point cut from the RBI at next week's policy.
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