Expect USD-INR to open around 66.15-66.20/USD: Agam Gupta

Dips below Rs 66/USD will continue to attract demand from importers and any spike to the Rs 66.30-66.40/USD zone should lead to hedging by exporters, says Agam Gupta, StandChart Bank.

August 31, 2015 / 08:54 IST

Agam Gupta, StandChart Bank said, "The USD-INR should open around Rs 66.15-66.20/USD. We expect the market to keep a close watch on global equities and risk sentiment, especially in light of an increase in the probability of a September rate hike by the US FOMC. Dips below Rs 66/USD will continue to attract demand from importers and any spike to the Rs 66.30-66.40/USD zone should lead to hedging by exporters. We expect a Rs 65.95-66.35/USD range for the day."

first published: Aug 31, 2015 08:54 am

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