Rupee seen between 62.02-62.83/USD range: Pramit Brahmbhatt

A positive equity will help, but concerns regarding Fed tapering impact on emerging markets will still keep some pressure on rupee., says Pramit Brahmbhatt, Alpari India.

February 07, 2014 / 09:13 IST

Pramit Brahmbhatt, Alpari India said, "The spectrum sale has given enough impetus to rupee to strengthen from its weak zone and assurance from FM to stick to the proposed fiscal deficit will bring more cheer to rupee today. A positive equity will also help, but concerns regarding Fed tapering impact on emerging markets will still keep some pressure on rupee. The range for the day seen between 62.02-62.83/USD."

first published: Feb 7, 2014 09:13 am

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