Monday, 18 May 2015

Indian Rupees

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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