Ray Farris

The Indian currency is celebrating the ruling government’s victory in Uttar Pradesh polls. Bharatiya Janata Party (BJP) got a clear mandate in UP, the state which has the highest representation in the Rajya Sabha, with 31 members.

Dollar-Re may grind higher up to 69.50 by next yr: Credit Suisse

Speaking to CNBC-TV18, Ray Farris of Credit Suisse said that the rupee in the emerging market basket of 20 currencies which he covers is relatively strong. The Indian rupee has fallen by over 2 percent since November 8, but it is the best performing currency among the 20 currencies he looks at, he said.

Chinese fear engulfs market: How worried should you be?

In a CNBC-TV18, experts Ben Bei of CIMB and Irene Cheung of ANZ Research shared their readings on the market.

Re may fall to 68.50/$ by 2016 end: Credit Suisse

Ray Farris of Credit Suisse expects the Indian currency to depreciate to 67 versus the US dollar in the next 3 months and further to Rs 68.50 by the end of 2016.

Rupee less sensitive among Asia currencies to weak yuan: CS

Talking about the effects on Asian markets, Ray Farris of Credit Suisse says the most vulnerable countries are the ones which have an export basket similar to China‘s and exports a lot to China as an end user market.

No contagion worry of Greece crisis, but risks remain: CS

If markets respond poorly to pricing of similar risks for countries like Portugal, Spain, Italy and even France over a period of time, there could be a bit of a shock, Farris says

Fed rate hike likely in Sept; see Re at 65/$: Credit Suisse

US bond yields rose to 2.3 percent, falling from 2.45 percent it saw earlier in the week.

'Little bearish on most EM forex rates; see rupee sub 63/$'

According to Ray Farris, director, Credit Suisse, the key cue for global currency market would be the extent to which this rout in equities continues.

Rupee rally can extend, RBI guidance key: Credit Suisse

Speaking to CNBC-TV18, Ray Farris, director, Credit Suisse says India is going into a period of positive seasonality and hence, the rupee and teh market is likley to perform well.

See rupee in 60-62 range over next 1 year: Credit Suisse

India‘s current account deficit for the quarter ended September shrank to USD 5.2 billion, or 1.2 percent of the GDP, compared to USD 21 billion (5 percent of GDP) during the same period last year.

RBI will be reluctant to allow rupee to gain: Credit Suisse

The rupee is likely to be in the range of 58-62 against the dollar, Ray Farris, director, Credit Suisse said.

Rupee to touch 66.50/$, need tighter RBI steps: Ray Farris

Ray Farris has a 12 month forecast of 66.50/USD on the rupee. He expects the currency to move in that direction till the current account balance improves. In the near term, for rupee to stabilise, tighter monetary conditions are needed

Rupee may overshoot targets; RBI in catch-22: Credit Suisse

The Indian rupee on Tuesday hit a record low of 61.59 against the US dollar. According to Ray Farris of Credit Suisse, the rupee is likely to touch 61.50/USD in 3 months and 62/USD in 12 months. But after today‘s drop, he sees risk of an overshoot of those numbers in the short-term.

Mkt reading of RBI stance more dovish than intended: Farris

Considering the currency hasn‘t responded more forcefully to the recent tightening measures, the RBI probably should have tightened further. On T-bill rates, which are at 9 percent and 10 percent, considering CPI inflation is 10 percent, so in real terms, it is negative interest rates

RBI wants rupee sub 60, but higher rates needed: Experts

If the RBI wants a stronger currency then it will have to raise rates, offer the markets higher yields. If the RBI does not raise rates, then it is going to discover again that its problem is large Current Account Deficit (CAD)

Markets feel it is sensible to buy dollars: Credit Suisse

The current account balance isn‘t improving significantly even though the economy has weakened, says Ray Farris, director, Credit Suisse. The issue is less that foreigners are selling equity, its that India‘s current account deficit (CAD) requires a very large continual purchase by foreigners of equities.