Nick Verdi, Currency Strategist, Asia, Barclays Capital sees INR trading around 61/USD and outperforming some of its peers.
In an interview to CNBC-TV18, Nick Verdi, Barclays Capital spoke about rupee. He has a 12-month target for the rupee at 61 per dollar.
Nick Verdi, Barclays Capital says the RBI is unlikely to lower rates anytime soon as the macro conditions are still weak.
In an interview to CNBC-TV18, Nick Verdi, Currency Strategist - Asia at Barclays Capital said that this up-word move in US Treasury Yields should be faded. According to him If this one source of weakness is taken away then the Indian rupees (INR) should get some relief.
Renewed uncertainty in the euro zone may have put the euro under pressure in recent days, but analysts argue that it`s the European Central Bank (ECB) meeting, rather than the developments in Portugal, that pose a bigger risk to the single currency.
Barclays Capital's Nick Verdi advises investors to buy rupee at this stage. He believes if the US payroll numbers are better-than-expected, it would lead to a selloff in the US treasuries and perhaps a negative reaction in the emerging markets.
The rupee started stronger on Monday morning, but reversed and fell in mid morning trades after the weaker than expected PMI data and poor equity market performance.
On the upisde, the Indian currency touch 54/USD by next month, expects Nick Verdi of Barclays Capital.
In an interview to CNBC-TV18, Nick Verdi of Barclays Capital says the market's rally has been a risk rally and it is now unwinding.
The fall of the rupee has forced the Finance Ministry to take necessary steps to arrest the fall, besides which there are other near term triggers in which currency selling is a bit difficult.
Nick Verdi, Barclays Capital, say that Draghi's comment is a sign that the ECB is much more open now to policy action via bond purchases.
Asian currencies don‘t have too much scope to appreciate, says Nick Verdi, currency strategist-Asia, Barclays Capital. According to him, the rupee will not rally significantly from hereon. "We look for dollar rupee to be within 54-56 range over the next three months," he asserts.
In an interview to CNBC-TV18, Nick Verdi, Currency Strategist, Asia, Barclays Capital says the sell-off this week hasn't been rupee specific.
The US markets closed mixed, ending off their session highs ahead of the FOMC meeting announcement. Nick Verdi of Barclays Capital tells CNBC-TV18 that markets will be expecting a dovish statement from the meeting.
Nick Verdi, currency strategist of Asia at Barclays Capital feels that the rupee is expected to range between Rs 50 to Rs 54 within a three-month horizon. However, he does not expect the rupee to go past Rs 54 per dollar over the quarter.
Nick Verdi, currency strategist, Asia, Barclays Capital, tells CNBC-TV18 that the rupee is likely to weaken further due to risk aversion.
Nick Verdi, Currency Strategist - Asia at Barclays Capital is bullish on the INR appreciating over the next couple of weeks.
Barclays Capital's currency strategist of Asia, Nick Verdi feels that the rupee pessimism has been overdone. He looks at a year-end rate of around 44.5. In an interview to Verdi told that Europe will be the key issue for markets in the near term with the present events taking place in the US economy and Europe
Nick Verdi, Currency Strategist –Asia at Barclays Capital expects the dollar index to move higher from the current level because of ongoing problems in Europe. He further said that the debt restructuring in Europe could lead to weakness in Euro.