Moneycontrol
Last Updated : Sep 22, 2017 09:33 AM IST | Source: CNBC-TV18

Think best of rupee appreciation is over: JPMorgan

In an interview to CNBC-TV18, Brijen Puri, Markets Head-India at JPMorgan shared his readings and outlook on rupee and dollar.

In an interview to CNBC-TV18, Brijen Puri, Markets Head-India at JPMorgan shared his readings and outlook on rupee and dollar.

"The dollar is at an inflection point and it is going to be a large determinant of what the broad direction of emerging markets including rupee is going to be," he said.

Our base case is that in the medium-term, fundamentally, the dollar should continue to depreciate but in the short-term given the positioning in the market we could see a short-term reversal in dollar, said Puri.

Talking about Fed, he said markets now pricing in one more price hike by Fed in 2017.

According to him, Reserve Bank of India (RBI) is not comfortable with continued appreciation in rupee.

Puri thinks best of rupee appreciation is over.

Watch accompanying video for more details.
First Published on Sep 22, 2017 09:29 am
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