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The Economic Times
The Economic Times
Business

French lender's India treasurer pegs rupee floor near 'fair value' of 96 per dollar

India Bonds RBI

The Indian rupee is unlikely to breach 96 per dollar ​this financial year, with measures to ​attract dollar flows and falling commodity prices helping contain downside ​risks, according to Credit Agricole CIB India's treasury head.

The French lender's models peg the rupee's fair value at 96 per U.S. dollar, and it expects the currency to trade in a 94-96 range this ‌financial year.

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