HomeNewsBusinessMarketsFOMC meet won't have significant impact on rupee: Barclays

FOMC meet won't have significant impact on rupee: Barclays

According to Olivier Desbarres, head of foreign exchange strategy at Barclays Capital, the FOMC meet will have a significant impact on the rupee. He further adds that their short term forecast is 48.50 against the dollar.

September 21, 2011 / 13:50 IST
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Market worldwide are looking towards the Federal Open Market Committee (FOMC) meet today evening, hoping for another round of monetary easing by the US central bank to invigorate the US economy. Olivier Desbarres, head of foreign exchange strategy at Barclays Capital expects the Fed to announce either a dovish statement or "Operation Twist", aimed at lengthening the duration of its balance sheet.

first published: Sep 21, 2011 01:08 pm

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