Rupee is expected to trade in a range of 60.05-60.25/dollar, says Agam Gupta of Standard Chartered.
The Indian rupee opened flat at 60.09 per dollar on Monday as against Friday's closing value of 60.10 a dollar.
The dollar is stronger versus the euro and the Swiss Franc, while flat versus the yen. The dollar index is higher at the 81 mark.
Agam Gupta of Standard Chartered said, "Rupee will continue to see government owned banks mop up dollars between 60.05-60.10 levels which can cause a move upto 60.20/dollar where we should see small exporter selling. Rupee is expected to trade in a range of 60.05-60.25/dollar."
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