Expect USD-INR pair to open above 67/USD: Agam Gupta

Any dips towards Rs 66.75/USD should lead to importers buying Dollar to hedge their future dollar payables, says Agam Gupta of StanChart Bank.

December 14, 2015 / 08:55 IST

Agam Gupta of StanChart Bank said, "We expect the USD-INR pair to open above 67/dollar as globally the markets are reflecting a strong risk-off sentiment. The local government banks should be sellers of the dollar on upticks towards 67.20-67.30/dollar today. Any dips towards 66.75/dollar should lead to importers buying dollar to hedge their future dollar payables.""The day should see a range of 66.80-67.30/dollar," he added.

first published: Dec 14, 2015 08:54 am

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