The Indian rupee today gained 61 paise to 63.23 against the dollar. The upmove is in continuance of its gains for the fifth consecutive session today. The Indian currency, however, started the day flat at 63.84.
Speaking to CNBC-TV18, Ashutosh Raina, head- forex trading, HDFC Bank says the rupee is likely to breach the 63 level and may appreciate to 62.50 against the greenback.
However, any appreciation thereon would be dependent on market cues adds Raina who believes 62.50 would be the bottom for the currency.
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