Expect rupee to open weak: Agam Gupta

Strong non farm payroll data could further support dollar strengthening, says Agam Gupta of Standard Chartered Bank.

June 10, 2013 / 08:57 IST

Agam Gupta of Standard Chartered Bank feels the rupee is expected to open weak. "Strong non farm payroll data could further support dollar strengthening."

According to him, there is an expectation of RBI intervention, to cool off the market by supplying dollars on higher rupee levels. "The range for the day is seen between 57.10-57.50/USD,"

first published: Jun 10, 2013 08:57 am

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