Mr Abhishek Goenka (Founder & CEO) India Forex Advisors on Bloomberg TV — 7th February, 2014
In an interview with Bloomberg, Mr. Abhishek Goenka (Founder & CEO, India Forex Advisors) shared his views on rupee. Spot was at 62.36 levels. He stated that rupee is seen trading in the range of 62 — 63 for the coming days and recommended the importers to buy on dips and suggested 62.80 — 63 as favorable level for exporters to sell dollars. In addition to this, he stated that emerging nations like India, Indonesia and the like will remain susceptible to the unwinding of the monetary stimulus by the Federal Reserve. With U.S. inching towards achieving its threshold set for GDP and unemployment figures and unveiling upbeat economic data, he maintains a bullish stance on USDINR pair for the medium term. On being questioned about the advance GDP estimate for India, he said that the data is expected to be subdued and that it will have some impact on the domestic currency.