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Published on 23/11/2019 2:07:59 PM | Source: Emkay Global Financial Services Ltd

Quote On Currency Market by Mr. Rahul Gupta

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Below is the Views On currency market  By Mr. Rahul Gupta, Head of Currency Emkay, Global Financial Services

“The delay in US-China trade deal is keeping market participants on sidelines. This week USD/INR remained pretty range bound, while conflicting and mixed messages by the Trump administration kept rupee on an edge. A long pause will further weaken risk appetite. For the next week, we expect USD/INR spot to trade within 71.55-72.25 range. 72 will act as a strong resistance, until and unless there is clarity over trade deal.”

 

 

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