Re to strengthen if RBI pauses on rate hike: O[x]us Investments

PUBLISHED ON: October 24, 2011 | Duration: 22 min, 05 sec

   
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Dr. Surjit Bhalla, chairman of O[x]us Investments, says the RBI's decision to pause on rate hike decision will strengthen the rupee. The rupee plunged past 50 per dollar level for the first time in 29 months on October 21 as importers made a rush for the greenback.
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