Expect USD-INR to open at 66.10-66.15/dollar: Agam Gupta

The market participants will keenly await the Reserve Bank of India (RBI) policy announcement tomorrow and we expect trade to be rangebound ahead of the RBI meet, says Agam Gupta of Standard Chartered.

September 28, 2015 / 08:47 IST

Agam Gupta of Standard Chartered said, "We expect the USD-INR to open at 66.10-66.15/dollar. There should be interest from importers and local government banks to buy USD on dips to 65.90 levels. Any upticks to 66.30 will attract interest from exporters to hedge their future dollar receivables.""The market participants will keenly await the Reserve Bank of India (RBI) policy announcement tomorrow and we expect trade to be rangebound ahead of the RBI meet," he added.

first published: Sep 28, 2015 08:47 am

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