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Expect USD-INR to trade between 62.30-62.62/USD: Agam Gupta

Expect the USD-INR to trade in the range of 62.30-62.62/dollar today, says Agam Gupta of Standard Chartered.

December 15, 2014 / 08:36 AM IST

Agam Gupta of Standard Chartered said, "Expect capital inflows to remain muted as the market is moving into year-end mode. We can see some dollar buying from FIIs who have India exposure. Exporters are likely to sell into any upticks and demand for the dollar will emerge from local importers on any downticks to Rs 62.35/dollar.

"Keep an eye out for the PSU banks who were sellers on Friday at 62.50/dollar levels. Expect the USD-INR to trade in the range of 62.30-62.62/dollar today," he added.

first published: Dec 15, 2014 08:36 am

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