With a new focus on the money market check. Shri Kamal Mahajan, Head of Treasury and Global Markets, Bank of Baroda shared his valuable insights on the matter of Rupee Outlook. He states that due to the absence of any major events, rupee traded in the tight range of Rs. 68.8 to Rs. 69.10 for today and will continue in a similar pattern. He further adds that there is a possibility of slight profit booking along with the presence of bullish undercurrents. With the trading range of the day at 6.45-6.55%, there is a good chance of rally of 50 bps (basis points). Watch the video to get in-depth analysis of money market.
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