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USD-INR to open higher near 66.60-66.65/dollar: Agam Gupta

The USD-INR currency pair will continue to get influenced by global forex and equity moves. We expect to see exporters hedging their USD receivables on upticks towards 66.80/dollar, says Agam Gupta of StanChart Bank.

September 07, 2015 / 08:51 AM IST
Agam Gupta of StanChart Bank feels the USD-INR should open slightly higher near 66.60-66.65/dollar due to the negative sentiment in European and US
stock markets.

According to him, it should trade in a range of 66.35-66.85/dollar for the day.

"The USD-INR currency pair will continue to get influenced by global forex and equity moves, he says.

Gupta expects to see exporters hedging their USD receivables on upticks towards 66.80/dollar.
first published: Sep 7, 2015 08:50 am
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