Nizam Idris

There are expectations that the Bank of Japan could start lending to banks at negative rates, says Nizam Idris of Macquarie.

Why Fed was more dovish than expected: Macquarie

Nizam Idris, Managing Director, Head of Strategy, Fixed Income and Currencies, Macquarie Bank, believes Federal Reserves' decision of not to hike rates isn‘t a bit surprise. He feels there was a bit more dovishness in its tone.

Rupee likely at 64.5/$ for short-term: Macquarie

While the year so-far has not fared very well for the Indian rupee, Nizam Idris, head-EM Forex Strategy, Macquarie, says the rupee may see levels of 63.5 against the dollar by Q3.

Money markets edgy as Greece situation uncertain: Macquarie

In an interview to CNBC-TV18, Idris says the rupee may trade in a range of 63.0-63.50 to the dollar near term. He says the rupee is being helped by both local and global factors, with falling commodity prices being an important support.

INR won't suffer on Fed moves; see 63.5/$ by Dec: Macquarie

Nizam Idris, Head-EM FX Strategy, Macquarie, says the rupee may not suffer on the back of a US Fed rate hike, an event he believes is more likely to occur in September than December.

See 63.50-64.50/USD rupee range for one week: Macquarie

According to Nizam Idris, Head of Emerging Market Forex Strategy at Macquarie, India remains a decent reform story although uncertainty over tax issue remains a challenge.

Go long on rupee, profit-taking to last short term: Experts

Amid speculation that the Fed may hike interest rates from middle of this year, dollar has strengthened against euro and yen. However, the mood in emerging market, including India, remained skittish owing to mounting pressure from risk aversion.

Rupee may ease to 62/$ after depreciating a bit: Macquarie

Global uncertainty and risk aversion may lead to RBI wanting to delay a rate cut, says Nizam Idris, head of EM FX strategy, Macquarie.

Stable oil prices to calm rupee; fall no issue: Macquarie

According to him, the Indian currency will stabilise if oil prices attain some stability. He expects rupee to hover around 64-65 against the dollar going ahead.

See rupee in 61-62/$ range in medium-term: Macquarie Bank

However, given that fundamentals of India better placed than Russia and Brazil, Nizam Idris of Macquarie Bank is confident of rupee outperforming against other EM currencies.

Should investors brace for another EM sell-off?

"Overall if we do get a scenario where the dollar strengthens more broadly - and we do see that - then it will be pretty hard for most EM currencies to remain resilient... But we don't see as an aggressive sell-off as we saw last year," said Dominic Bunning, currency strategist at HSBC.

See rupee in 62-64/$ range; Fed taper in March: Macquarie

Currently the dollar index is at 81 and Nizam Idris of Macquarie feels dollar in the short-term probably is going to see a range of around 80-82. He feels this range will only be broken on the upside when taper becomes imminent.

Rupee to hover around 60/$; buy EM currency now: Macquarie

In an interview to CNBC-TV18, Nizam Idris of Macquarie sees the delayed taper as the largest driver for emerging market currencies. He sees the rupee to find support at 60/USD going forward.

Rupee, bonds fall after RBI raises repo rate

Bond yields rose, with the 10-year bond yield closing at the day's high of 8.58 percent, up 39 bps on the day. The negative spread between the 1-year and 5-year OIS shrunk to 46 bps from 70 bps on Thursday.

61/$ key support for rupee; sub 60 unlikely soon: Macquarie

Rupee will find key support at 61/USD in the near-term and may depreciate to 65/USD if macros don‘t improve, says Nizam Idris, Head of EM Fx Strategy.

No, this isn't rupee's bottom, more fall likely: Macquarie

RBI's announcement to buy bonds has confused the market and by buying bonds the central bank is subsidising outflow at a better price, so the market is still looking to sell the rupee, says Nizam Idris of Macquarie.

Can rupee break 70/$? Yes, if these 4 conditions aren‘t met

According to Nizam Idris, if the trade deficit data for August is less than 10 billion then it is a positive for the economy and that may stabilise the rupee.

Macquarie cuts India GDP outlook; sees INR at 61/$ by Dec

There has not been much appreciation in the rupee because fundamentally the rupee should continue to weaken given the Current Account Deficit (CAD) and fiscal deficit, says Nizam Idris of Macquarie.

Rupee to touch 62/$; RBI has tools to fight back: Macquarie

Nizam Idris, Head of EM Fx Strategy, Macquarie sees pressure in rupee due to strengthening of dollar. He told CNBC-TV18 that he is expecting rupee to breach the 61 per dollar mark.

Rupee in danger of touching 61/$ soon: Macquarie

Macquarie's Nizam Idris sees rupee breaching 61/USD in the near-term. He, however, expects rupee to stabilise in medium term.

57/$ coming soon, rupee weakest Asian currency: Macquarie

Rupee will soon hit the 57 mark, says Nizam Idris, head of EM FX Strategy, Macquarie.

Re may touch 52/$; experts call for consistency in reforms

Vivek Rajpal, Rates Strategist, Nomura India believes the rupee will not move below 50 per dollar in the near term. But, there are fair chances that it wil appreciate to 52 or slightly lower levels.

Re still overvalued, won't buy it now: Macquarie

The Indian rupee tanked to a fresh all-time low of Rs 53.75 per US dollar in early trade on Wednesday, thanks to the balance of payment (BoP) imbalances said Nizam Idris, Head of EM FX Strategy, Macquarie.