Moneycontrol
Jan 25, 2016 09:22 AM IST | Source: Moneycontrol.com

Rupee gains 9 paise; opens at 67.54 per dollar

I expect stronger demand for USD to emerge below 67.50 levels. Exporters will look for the upticks to hedge their dollar receivables, says Agam Gupta of Standard Chartered.

Rupee gains 9 paise; opens at 67.54 per dollar
The Indian rupee opened higher by 9 paise at 67.54 per dollar on Monday against 67.63 Friday.

Agam Gupta of Standard Chartered said, "We should see a range of 67.45-67.80/dollar today. I expect stronger demand for USD to emerge below 67.50 levels. Exporters will look for the upticks to hedge their dollar receivables."

"Market participants will continue to keep an eye on equity and oil moves through the day," he added.

Dollar firm, boosted by increased expectations of monetary easing by Central Banks in Europe and Japan, and by strong US housing data.
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