Rupee started off week on a positive note. The currency rose marginally to 68.19 a dollar on Monday against Friday's close of 68.23 a dollar.
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.
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