Expect rupee to trade in 68-68.40/USD range: Agam Gupta

We expect a rangebound day with importers picking up USD on any dips to Rs 68.00-68.05/USD, says Agam Gupta, Standard Chartered.

February 15, 2016 / 09:06 IST

Agam Gupta, Standard Chartered feels USD-INR should open broadly unchanged from Friday's close.He expects a rangebound day with importers picking up USD on any dips to Rs 68.00-68.05/USD and exporters looking to hedge their receivables if it gets an intraday spike to Rs 68.35-68.40/USD.Gupta says global equities ended Friday in the positive and that should keep local sentiment risk positive for the day. He expects the USD-INR to trade in a Rs 68.00-68.40/USD range for today.

first published: Feb 15, 2016 09:05 am

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