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Last Updated : Aug 13, 2015 08:29 AM IST | Source: CNBC-TV18

JPMorgan overweight on IT, healthcare space

We had a target for USD-INR of 66/dollar by Q1 CY2016 and 66.50/dollar by Q2 CY2106. We remain overweight on IT and healthcare, says Bharat Iyer of JPMorgan.


Bharat Iyer of JPMorgan said, "The rupee has broken down below key support level of 64.20/dollar to a 2-year low. Near-term the trend has been driven by the move in the Chinese currency. But that said, even prior to the events of the last week, we had a target for USD-INR of 66/dollar by Q1 CY2016 and 66.50/dollar by Q2 CY2106. We remain overweight on IT and healthcare."

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First Published on Aug 13, 2015 08:29 am
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