Nick Verdi, Currency Strategist, Asia, Barclays Capital sees INR trading around 61/USD and outperforming some of its peers.
Nariman Behravesh, Chief Economist, IHS spoke to CNBC-TV18 on the US economy and what to expect from the Federal Open Market Committee (FOMC), next week.
The jobs report showed non-farm payrolls rose by 162,000 in July, below expectations, but the unemployment rate fell to 7.4 percent, its lowest since December 2008. The mixed data could make the Federal Reserve more cautious about scaling back its massive economic stimulus.
Since 2009, the city of Chesapeake, tucked up against the Great Dismal Swamp in southern Virginia, has cut its workforce twice. This summer, nearly three years after the recession ended, the city of 222,209 has plans for a third round of layoffs.
The February employment report could carry a double whammy for markets and the economy unless it meets high expectations in the week ahead.