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Expect rupee to open at Rs 62.25-62.30/USD: Agam Gupta

Foreign inflows are expected to continue and exporters are likely to sell on upticks to Rs 62.50/USD, says Agam Gupta, Standard Chartered.

December 01, 2014 / 08:54 AM IST

Agam Gupta, Standard Chartered said, "The Dollar strength against other currencies is leading a similar move with the Rupee too. The demand from the local government banks is persistent and is expected to continue. We expect the USD-INR to open at Rs 62.25-62.30/USD. Foreign inflows are expected to continue and exporters are likely to sell on upticks to Rs 62.50/USD. We expect to see a range of Rs 62.10-62.50/USD for the day."

first published: Dec 1, 2014 08:54 am
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