Rupee to open slightly higher around 64.95/USD: Agam Gupta

We expect oil companies and local government banks to be buyers of USD on any downticks, says Agam Gupta, Standard Chartered.

October 26, 2015 / 08:58 IST

Agam Gupta, Standard Chartered said, "We expect USD-INR to open slightly higher around Rs 64.95/USD, in-line with the USD strength across the globe. The 'risk on' sentiment from equities will translate into some USD supply from FPIs. Exporters will also be looking to hedge their forward receivables on upticks. We expect oil cos and local govt banks to be buyers of USD on any downticks. We expect a range of Rs 64.85-65.15/USD for the day."

first published: Oct 26, 2015 08:58 am

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