Can gain further momentum if it manages to breach 64

It was a volatile week for the Indian rupee. The currency strengthened to 64.27 last week initially and reversed lower to make a low of 64.62 on Thursday. However, it regained strength again to test 64.28 levels before closing at 64.37 on Monday. Strong growth in the third quarter was one of the factors that aided the rupee to recover from its low last week. The Indian economy grew at a rate o...