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Rupee may not trade above 54/$: IDBI Bank

PUBLISHED ON: January 15, 2013 | Duration: 3 min, 46 sec

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Sentiment in the currency markets picked up early this week with the government deferring the implementation of GAAR by two years and inflation slipping to a three-year low, says N.S. Venkatesh, head-treasury, IDBI Bank. He, however, adds that the high trade deficit may prevent the rupee from trading above the 54/$ level.
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