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Last Updated : Jun 08, 2015 08:49 AM IST | Source: CNBC-TV18

Rupee to open around 64.05-64/dollar: Agam Gupta

On the downside 63.90/dollar should be a support and importers/local government banks should come in to buy dollars there. We expect a range of 63.90-64.25/dollar for the day, says Agam Gupta of Standard Chartered Bank.


Agam Gupta of Standard Chartered Bank said, “We expect rupee to open around 64.05-64/dollar today. This is due to strengthening of the dollar against most other currencies as a reaction to the strong US jobs data. 64.25-64.30/dollar remains a strong resistance and we do expect exporters to sell dollars on any upticks to that level."


"On the downside 63.90/dollar should be a support and importers/local government banks should come in to buy dollars there. We expect a range of 63.90-64.25/dollar for the day,” he added.



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First Published on Jun 8, 2015 08:49 am
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