USD-INR pair to open lower at 66.35-66.40/USD: Agam Gupta

We expect local government banks and other importers to be buyers of USD below Rs 66.30/USD, says Agam Gupta, Standard Chartered.

September 14, 2015 / 08:53 IST

Agam Gupta of Standard Chartered said, "The USD-INR pair should open lower at 66.35-66.40/dollar as risk sentiment has improved overnight. We expect local government banks and other importers to be buyers of USD below 66.30/dollar. Upticks to 66.55/dollar will see exporter hedging going through.""We expect a range of 66.25-66.55/dollar for the day. Market participants will continue to keep an eye on global risk sentiment for further cues," he added.

first published: Sep 14, 2015 08:53 am

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