Indian rupee could hit 74 on the US dollar: BofA Securities

Bank of America Securities is "quite bullish" on the Indian rupee, which has "significant room for appreciation" to head to 74 levels against the U.S. dollar, says Rohit Garg. Meanwhile, he says the Chinese yuan has "weakened quite dramatically" and their firm has lowered its current forecast to 7.2 against the U.S. dollar.
Tue, Jun 2 20201:46 AM EDT