Expect rupee to trade in range of 67.45-67.80/USD: Gupta

Market participants will continue to keep an eye on equity and oil moves through the day, says Agam Gupta, Standard Chartered.

January 25, 2016 / 08:53 IST

Agam Gupta, Standard Chartered says the USD-INR spot should open at 67.57-67.62/USD, slightly lower than Friday's close as global equities are in the positive.According to him, the rupee should see a range of 67.45-67.80/USD today.He expects stronger demand for USD to emerge below 67.50 levels.Exporters will look for the upticks to hedge their dollar receivables, Gupta says, adding market participants will continue to keep an eye on equity and oil moves through the day.

first published: Jan 25, 2016 08:49 am

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