Expect rupee to stabilize at 60-65/USD: Indranil Sengupta

Indranil Sengupta of BofA ML expects the rupee to end around 63/USD levels by December-end.

November 12, 2013 / 08:57 IST

Indranil Sengupta, BofA ML said, "The rupee market has begun to look ahead at tapering of the RBI's swaps with oil companies. We continue to expect the rupee to stabilize at 60-65/USD if the euro-dollar trades in a 1.20-1.30 range. Not surprisingly, the rupee remains among the weakest of the BRIC currencies. We expect the rupee to end around 63/USD levels by December-end."

first published: Nov 12, 2013 08:57 am

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