Target for rupee at 64/USD in 12 months: Credit Suisse

On rupee, we have a target of 64/USD against the dollar in 12 months, says Robert Prior of Credit Suisse.

February 26, 2014 / 08:56 IST

Robert Prior of Credit Suisse said, "We expect Governor Rajan to start hiking the repo rate again in another six months, with a total of 75 bps delivered by the March quarter of 2015. This in turn has led us to cut our 2014-2015 and 2015-2016 GDP growth forecasts by 60 bps to 6 percent and 6.3 percent, respectively.”

“On rupee, we have a target of 64/USD against the dollar in 12 months. The 10-year yield is at 8.5 percent this time next year," he added.

first published: Feb 26, 2014 08:56 am

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