Rupee To Trade Near 70 Mark Post RBI Reserve Transfer: Qi Gao, Scotiabank
  • WebDesk BTVI
  • Aug 27 2019

Qi Gao, Currency Strategist - EM Asia at Scotiabank, expects the government to provide stimulus to economy with the excess reserve transfer from the RBI. He said the excess reserve transfer will help keep interest rates and government borrowing lower. He sees the rupee to trade near the 70 mark against the US Dollar after RBI reserve transfer. Here's more.