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Last Updated : Sep 14, 2015 08:53 AM IST | Source: CNBC-TV18

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.


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.

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First Published on Sep 14, 2015 08:53 am
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