Rupee to trade in range of 54-56 for next 3-mnths- Barclays Capital

Asian currencies don’t have too much scope to appreciate, says Nick Verdi, currency strategist-Asia, Barclays Capital. “We are not calling for any significant appreciation in Asian currencies in the near-term,” he adds.

According to him, the rupee will not rally significantly from hereon. “We look for dollar rupee to be within 54-56 range over the next three months,” he said.

Source:Money Control