Rupee will continue to stay in 60 to 63 range: Arindam Ghosh
Over a one-year perspective with the FED tapering underway and possibility of dollar strengthening, we do not see that happening, he said.
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In a chat with ET Now, Arindam Ghosh of BlackRidge Capital Advisors shares his views on the rupee.
ET Now: What is your take in terms of rupee move? Could rupee overshoot below 60 levels?
Arindam Ghosh: In the short term, there is a possibility that rupee may overshoot. But over a one-year perspective with the FED tapering underway and possibility of dollar strengthening, we do not see that happening.
It will continue to stay arranged and the range will be between 60 to 63 levels.
ET Now: What is your take in terms of rupee move? Could rupee overshoot below 60 levels?
Arindam Ghosh: In the short term, there is a possibility that rupee may overshoot. But over a one-year perspective with the FED tapering underway and possibility of dollar strengthening, we do not see that happening.
It will continue to stay arranged and the range will be between 60 to 63 levels.
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