“You have to put it into perspective that there are two big dollar exchange rates now certainly versus the crosses in Europe and Japan, those the yen and the euro became very overbought,” Sean Darby of Jefferies said in an interview to CNBC-TV18.

Share Market Live

NSE

“So at some point, there was going to be some degree of mean reversion. However the big move for the dollar has been against the Chinese currency. You have to bear in mind that we will have the best ever quarter for the Chinese currency in history,” Darby said.

Watch video for more