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Abhishek Goenka
The rupee's journey from 40 to 80 per dollar
The rupee weakened past the 40 mark and went all the way to 52 in no time, and has been depreciating steadily ever since
'See rupee trading in the range of 72.50 to 74.50 in the short term'
Receiving longer tenor, therefore, looks a good proposition considering the steepness of the curve. Near-end is likely to remain anchored on account of abundant Rupee liquidity in the banking system
Rupee likely to stabilise a little at the start of 2013
The dollar index may once again move towards 85 level pushing the rupee to new lows, that is towards 57.5-58 by mid-2013
Rupee: Base set to stay at 49