Sunday 9 August 2015

Rupee opens higher at 63.75 per dollar; gains 6 paise -- 10 Aug 2015

We expect USD-INR to trade in 63.70-63.90/dollar range, says Agam Gupta of Standard Chartered Bank.

                           
The Indian rupee has opened marginally higher at 63.75 per dollar Monday against Friday's close of 63.81.
We expect USD-INR to trade in 63.70-63.90/dollar range. We anticipate demand for dollar to emerge from local government banks on any dips to 63.75/dollar." "Also, upticks to 63.85/dollar should see interest from exporters to hedge their receivables," 

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