Expect rupee to be range-bound for a month or two: Upasna Bhardwaj, ING Vysya Bank

In a chat with ET Now, Upasna Bhardwaj, Economist, ING Vysya Bank, speaks on the volatility in currency. Excerpts:

ET Now: What is your initial take on the volatility in the currency of late? What is the near-term call on the currency?

Upasna Bhardwaj: If you look at the recent moves, I would say quite a bit of it has been subject to the global swings. But overall, I would say that INR has been trading fairly range-bound, if you were to look at a little wider horizon. I do expect the range-bound movement to persist for at least a month or two, going forward. It is only the beginning of December onwards that we start to possibly see an increased pressure and a possible breaking out of the way.