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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 AM 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
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