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Rupee to remain range-bound: Axis Bank

PUBLISHED ON: February 15, 2013 | Duration: 7 min, 04 sec

  
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The rupee has moved back towards 54/$. Ashok Gautam of Axis Bank explains his view on the currency markets, saying the local currency is expected to trade weak due to the high trade deficit. He adds that bond markets are now expecting the Reserve Bank to cut the repo rate by 25 basis points in March.
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