The Indian rupee started the day at Rs 52.90 per dollar versus Rs 53.66 yesterday and is now around Rs 52.87 levels.
Nick Verdi, currency strategist of Asia at Barclays Capital feels that the rupee is expected to range between Rs 50 to Rs 54 within a three-month horizon. However, he does not expect the rupee to go past Rs 54 per dollar over the quarter.
According to Verdi, markets have been getting illiquid in the year-end. He sees euro starting to fall and set to weaken from current levels. He also mentioned that the dollar has more upside from these levels.
He further stated that quantitative easing is more likely from Europe than the US. Here is the edited transcript of his interview to CNBC-TV18. Also watch the accompanying video. Q: First your verdict on the RBI
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