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Rupee could touch 75/USD: BofA-ML

Rupee could touch 75/USD: BofA-ML

Rediff.com29 Aug 2013

The Reserve Bank of India (RBI) will have to take far more pro-active steps to rebuild forex reserves, because if the status quo remains, rupee could touch 75 per US dollar by the end of 2014, Bank of America Merrill Lynch said in a report.