Rupee may test 63.50/dollar: Ashok Gautam

According to Ashok Gautam of Axis Bank, if the dollar-rupee fails to breach 62.55-60/dollar resistance levels it might move towards 61.75-80/dollar support levels.

January 07, 2014 / 08:54 IST

According to Ashok Gautam of Axis Bank, the broad range for the dollar-rupee remains at 63.50-60.90/dollar. "If the pair comfortably stays above 62.55-60/dollar levels in coming sessions, we could see it moving further up towards 63.50/dollar in the near future," he added.

“If the pair fails to breach 62.55-60/dollar resistance levels it might move towards 61.75-80/dollar support levels," he said.

first published: Jan 7, 2014 08:54 am

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