Expect USD-INR to open around 65.30/USD: Agam Gupta

Exporters will use up move in the dollar as an opportunity to sell dollar and to hedge their future dollar receivables, says Agam Gupta, Standard Chartered.

November 02, 2015 / 08:42 IST

Agam Gupta of Standard Chartered said, "We expect USD-INR to open around 65.30. The pair should trade in a range of 65.15-65.45/dollar today. There will probably be good interest from local government banks to buy dollar on dips to the lower end of the range.""Exporters will use up move in the dollar as an opportunity to sell dollar and to hedge their future dollar receivables," he added.

first published: Nov 2, 2015 08:33 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!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347