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Expect rupee to open around 61.30 levels: Agam Gupta

Exporters are expected to sell close to 61.40/USD and oil demand to kick in below 61.20/USD levels, says Agam Gupta, Standard Chartered.

October 13, 2014 / 08:44 AM IST

Agam Gupta of Standard Chartered said that, "The rupee is expected to open around 61.30 levels. Expect exporters to sell close to 61.40/dollar and oil demand to kick in below 61.20/dollar levels."

"Equity markets to be watched closely as the weakness there could have some impact on forex market too. CPI this week is the other big data point which currency markets will closely watch. The rupee should trade in the range of 61.15-61.45/dollar," he added.

first published: Oct 13, 2014 08:40 am
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