Year-end target for rupee stands at 57/USD: Claudio Piron

Claudio Piron of Bank of America Merrill Lynch says the RBI forex policy comfort zone would be to try and establish rupee in a 54-58/USD range.

June 13, 2013 / 08:58 IST

Claudio Piron of Bank of America Merrill Lynch feels the rupee could stabilise at a higher range. "While there is no doubt about issues facing the rupee, a move above 60/USD would be overdone."

He says the RBI forex policy comfort zone would be to try and establish rupee in a 54-58/USD range.

"Our year-end target for the rupee stands at 57/USD," he adds.

first published: Jun 13, 2013 08:58 am

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