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.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
