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."
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