HomeNewsBusinessMarketsExpect rupee to trade in range of 67.45-67.80/USD: Gupta
Trending Topics

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
Story continues below Advertisement

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

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!