Dollar-rupee to trade in 49-50.50 range: Barclays Capital

Olivier Desbarres, Director and Head of FX Strategy, Asia-Pacific ex Japan, Barclays Capital expects the dollar-rupee to probably trade in a range around 49-50.50 in the near term. In the same breath, he mentioned that any rally from here is likely to be potentially shallower than they have been year-to-date.

February 10, 2012 / 14:30 IST

Olivier Desbarres, Director and Head of FX Strategy, Asia-Pacific ex Japan, Barclays Capital expects the dollar-rupee to probably trade in a range around 49-50.50 in the near term. In the same breath, he mentioned that any rally from here is likely to be potentially shallower than they have been year-to-date.

He added that if the market feels confident that the eurozone problems have been resolves, then the focus will turn towards some of the more positive global developments such as stronger than expected data out of the US.

Below is the edited transcript of the interview. Also watch the accompanying video.

Q: We have had a very good pullback in the rupee but in the last couple of days it seems to have run into some resistance and is pulling back closer to the 50 mark again. How would you approach it now?

A: It

first published: Feb 10, 2012 12:37 pm

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