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USD-INR should open near Rs 63.40-63.45/USD: Agam Gupta

Dips to Rs 63.30-63.35/USD will be used by local Govt banks as a Dollar buying opportunity whileuptick to Rs 63.55-63.60/USD will attract exporter hedging, says Agam Gupta, Standard Chartered.

July 13, 2015 / 09:00 IST
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Agam Gupta, Standard Chartered said, "The USD-INR should open near Rs 63.40-63.45/USD. The uncertainty from the Greece situation is still continuing as the weekend Eurozone meetings have not led to a conclusive resolution. Dips to Rs 63.30-63.35/USD will be used by local Govt banks as a Dollar buying opportunity whileuptick to Rs 63.55-63.60/USD will attract exporter hedging. We expect the USD-INR to trade between the range of Rs 63.30-63.60/USD for the day."

first published: Jul 13, 2015 09:00 am

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