USD-INR should open around 64-64.05/USD: Agam Gupta

The market should remain rangebound today ahead of the RBI monetary policy tomorrow, says Agam Gupta, Standard Chartered.

August 03, 2015 / 08:50 IST

Agam Gupta of Standard Chartered said, "The USD-INR should open around 64-64.05/dollar levels as the US data released on Friday was weaker than expected. We expect a range of 63.90-64.20/dollar. The demand from local government banks should emerge in the 63.90-63.95/dollar zone whereas we should continue to see exporters sell USD on upticks towards 64.20/dollar.""The market should remain rangebound today ahead of the Reserve Bank of India (RBI) monetary policy tomorrow," he added.

first published: Aug 3, 2015 08:50 am

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