We anticipate demand for USD to emerge from local govt banks on any dips to Rs 63.75/USD, says Agam Gupta, Standard Chartered Bank.
Agam Gupta, Standard Chartered Bank said, "We expect USD-INR to open near unchanged at Rs 63.80-83/USD. We should trade in Rs 63.70-63.90/USD range. We anticipate demand for USD to emerge from local govt banks on any dips to Rs 63.75/USD."
"Also, upticks to Rs 63.85/USD should see interest from exporters to hedge their receivables," he added.The Great Diwali Discount!
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First Published on Aug 10, 2015 08:58 am