Pressure on rupee if oil remains higher: Arvind Narayanan

If oil continues to remain higher, can see pressure on the rupee, with the pair moving towards 68.06-68.70/USD, says Arvind Narayanan, DBS Bank.

January 17, 2017 / 09:13 IST

Arvind Narayanan, DBS Bank said, "FPIs have been net sellers and if oil continues to remain higher, can see pressure on the rupee, with the pair moving towards 68.06-68.70/USD."He further said, "Expect overnight rates between 6.2-6.25 percent. No significant near term triggers. Market will wait for the Budget and policy for further rate cues."

first published: Jan 17, 2017 09:13 am

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