Expect USD-INR to open slightly higher: Agam Gupta

The USD-INR pair should range between 66.10-66.35/dollar today, says Agam Gupta of StanChart.

November 23, 2015 / 08:54 IST

Agam Gupta of StanChart said, "We expect the USD-INR to open slightly higher than the close at 66.19/dollar, in-line with dollar strength across other currencies.""The local government banks will probably buy dollar on dips towards 66.10 limiting the downside there. We expect exporters to sell dollar above 66.30 to hedge their forward receivables.""The USD-INR pair should range between 66.10-66.35/dollar today," he added.

first published: Nov 23, 2015 08:54 am

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