We expect a rangebound day with importers picking up USD on any dips to Rs 68.00-68.05/USD, says Agam Gupta, Standard Chartered.
We expect a range of Rs 67.60-67.95/USD for the USD-INR today, says Agam Gupta, Standard Chartered.
Market participants will continue to keep an eye on equity and oil moves through the day, says Agam Gupta, Standard Chartered.
We expect the USD-INR pair to trade between Rs 66.75-67.10/USD range today, says Agam Gupta, StanChart.
Any dips towards Rs 66.75/USD should lead to importers buying Dollar to hedge their future dollar payables, says Agam Gupta of StanChart Bank.
The USD-INR pair should range between Rs 66.60-66.90/USD today, says Agam Gupta, Standard Chartered.
The Indian rupee has opened marginally lower at 66.78 per dollar on Monday compared to 66.76 a dollar in previous trading session.
Agam Gupta of StanChart says range for the day should be 66.65-67.10 a dollar and there could be a technical move up to 67.00-67.10 a dollar.
The USD-INR pair should range between 66.10-66.35/dollar today, says Agam Gupta of StanChart.
Exporters will use up move in the dollar as an opportunity to sell dollar and to hedge their future dollar receivables, says Agam Gupta, Standard Chartered.
We expect oil companies and local government banks to be buyers of USD on any downticks, says Agam Gupta, Standard Chartered.
On the lower side it is most likely that we see dollar buying interest come in from local government banks on account of their regular demand, says Agam Gupta of Standard Chartered.
The dollar will open lower than the close of 65.51 due to the extremely weak US jobs data. We expect a range of 65.10-65.50/dollar for the day, says Agam Gupta of StanChart Bank.
The market participants will keenly await the Reserve Bank of India (RBI) policy announcement tomorrow and we expect trade to be rangebound ahead of the RBI meet, says Agam Gupta of Standard Chartered.
We expect dollar demand to come in from importers on dips to 65.55-65.60/USD, says Agam Gupta, StanChart Bank.
We expect local government banks and other importers to be buyers of USD below Rs 66.30/USD, says Agam Gupta, Standard Chartered.
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.
Dips below Rs 66/USD will continue to attract demand from importers and any spike to the Rs 66.30-66.40/USD zone should lead to hedging by exporters, says Agam Gupta, StandChart Bank.
We will keep an eye on supply of USD from local government banks but the move in global markets will remain key for the pair at the moment, says Agam Gupta, StanChart Bank.
Market players will look to buy USD to reduce their short dollar positions on any dip to Rs 64.85-64.90/USD zone, says Agam Gupta, StanChart Bank.
We anticipate demand for USD to emerge from local govt banks on any dips to Rs 63.75/USD, says Agam Gupta, Standard Chartered Bank.
The market should remain rangebound today ahead of the RBI monetary policy tomorrow, says Agam Gupta, Standard Chartered.
Exporters are seen to have decent selling interest in any run-up towards 64.20-64.25 levels, says Agam Gupta, Standarad Chartered.
We expect local govt banks to provide a floor to the pair as they buy Dollars around Rs 63.45 levels, says Agam Gupta, Standard Chartered.
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.