Profit

Rupee to remain weak ahead, resistance seen at 53.50/$: Agam Gupta

PUBLISHED ON: May 3, 2012 | Duration: 5 min, 07 sec

  
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Agam Gupta, MD-Head of FXRC Trading - India at Standard Chartered told NDTV Profit that a mismatch in demand-supply has led to the rupee reaching the 54 per dollar level. "The resistance level for the currency is seen at 53.50 per dollar," he said, warning that the rupee is going to remain weak further.
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