Can the rupee hit 92? Kotak Securities’ Anindya Banerjee answers

Kotak Securities' Anindya Banerjee says the rupee's sharp gain against the dollar could extend to 93, or even 92, if the RBI stays out of the market and oil prices hold below $100 per barrel. He credits the move to $137 billion in expected ECB-linked flows and recent GDP data, and expects Indian gold prices to lag global gains as a result.