The rupee pared losses against the dollar on Tuesday, boosted by steady equity market and absence of further decline in Eurozone. Shreekant Jha, managing director of PJ Commodity Ventures, in an exclusive interview with CNBC-TV18's Latha Venkatesh, gave his perspective on where the Indian currency is headed and how one should trade the currency futures.
Below is a verbatim transcript of the interview. Also watch the video. Q: What have you made of the dollar-rupee movement? What kind of a range are you looking at and how are you trading it today?A: The long-term trend is still negative. The recent rise in numbers is just correction. Rupee will witness strong resistance at 45.75 and 46.25 levels; it
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!
