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Rupee opens strong on FDI hikes
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INR
83.369 | United States Dollar |
Though FDI was raised in crucial sectors like telecom and defence, dealers say that money, if any, through the FDI route would take several months to come in, and hence there would be no major impact at least in the next few months.
Analysts expect the rupee to trade in a range, though they say that the RBI may help reduce volatility and keep the rupee below the 60 mark.
GoodReturns.in
Story first published: Wednesday, July 17, 2013, 9:08 [IST]