| Date: |
15-02-2016 |
| Subject: |
Rupee opens marginally higher at 68.19 per dollar |
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The Indian rupee has opened marginally higher at 68.19 a dollar on Monday against Friday's close of 68.23 a dollar.
Agam Gupta of Standard Chartered feels USD-INR should open broadly unchanged from Friday's close.
He expects a rangebound day with importers picking up USD on any dips to Rs 68.00-68.05/USD and exporters are looking to hedge their receivables if it gets an intraday spike to Rs 68.35-68.40/USD.
Gupta says global equities ended Friday in the positive and that should keep local sentiment risk positive for the day. He expects the USD-INR to trade in a Rs 68.00-68.40/USD range for today.
Source : moneycontrol.com
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