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Last Updated : Aug 17, 2015 09:01 AM IST | Source: CNBC-TV18

Expect USD-INR to open at 65.10/USD: Agam Gupta

Market players will look to buy USD to reduce their short dollar positions on any dip to Rs 64.85-64.90/USD zone, says Agam Gupta, StanChart Bank.


Agam Gupta, StanChart Bank expects the USD-INR pair to open at Rs 65.10/USD today.

According to him, the dollar will probably be stronger against INR due to the trade data which was released on Friday after market close.

He said there should be interest from local govt banks to sell USD on upticks to Rs 65.20-65.30/USD area. Market players will look to buy USD to reduce their short dollar positions on any dip to Rs 64.85-64.90/USD zone, he added.

Gupta expects a range of Rs 64.80-65.30/USD today.

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First Published on Aug 17, 2015 08:55 am
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