Expect USD-INR to open at 61.70/USD levels: Agam Gupta

Government-owned banks will probably be aggressive buyers of Dollar at 61.60- 61.65/USD level while exporters will continue to sell into any upticks, says Agam Gupta, Standard Chartered.

January 19, 2015 / 08:52 AM IST

Agam Gupta, Standard Chartered said, "Expect USD-INR to open at 61.70/USD levels. The inflows into India remain strong. Government-owned banks will probably be aggressive buyers of Dollar at 61.60- 61.65/USD level while exporters will continue to sell into any upticks. Expect USD-INR to trade in range of 61.50- 61.90/USD. In case the local govt banks do not buy Dollar in any significant amounts then we can test downside level of 61.50/USD."

Tags: #Agam Gupta #currency #dollar #Rupee #Standard Chartered #USD

first published: Jan 19, 2015 08:52 am

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Expect USD-INR to open at 61.70/USD levels: Agam Gupta

Government-owned banks will probably be aggressive buyers of Dollar at 61.60- 61.65/USD level while exporters will continue to sell into any upticks, says Agam Gupta, Standard Chartered.