Nizam Idris, Head of Emerging Market Forex
Strategy at Macquarie in an interview to CNBC-TV18 speaking about the currency
movements said if the dollar were to rebound and US yields were to
steepen further, it could lead to some weakness in the risk appetite and then
64 to the dollar level on the rupee could be seen again. He thinks for the next
week the rupee could range between 63.50 and 64.50 to the dollar. However, his
fundamental and long-term view remains unchanged that rupee could edge up to
65/USD.
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