Citi expects the rupee to push to 85 to a dollar, while Barclays says that the risk of a short-term overshoot to 84-85 is high. Standard Chartered Plc has also extended its long dollar/rupee trade target to 85 after the local currency breached 83.
Citi expects the rupee to push to 85 to a dollar, while Barclays says that the risk of a short-term overshoot to 84-85 is high. Standard Chartered Plc has also extended its long dollar/rupee trade target to 85 after the local currency breached 83.