Treasury officials of various banks see the rupee appreciating to the 60-level this week.
MUMBAI: The rupee is likely to claw its way back to 60-level this week helped by the recent measures taken by RBI coupled with a weak dollar after US jobs data eased concerns over early withdrawal of easy money by the US Fed, say bankers and analysts.
Treasury officials of various banks see the rupee appreciating to the 60-level this week. The rupee fell 67 paise on Friday to record closing low of 61.10 against the dollar.
The previous record low closing was 60.72 on June 26. The rupee touched an all-time intra-day low of 61.21 against the greenback on July 8, which forced the central bank to unleash a slew of measures from July 15.
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