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Published on 24/07/2021 1:52:17 PM | Source: Emkay Global Financial Services Ltd

Quote on Rupee By Mr. Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services

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Below is Quote on Rupee By Mr. Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services

“The event risk to fx market is next week’s FOMC policy. So the USDINR spot will remain a little directionless until then as with the rising covid cases in the US, the Fed may communicate a dovish stance. However, any hawkish commentary or hints at tapering the asset purchase program will surge the USDINR spot above 75 zone. Thus, for next week, we expect the trend to be sideways in between 74-75.25.“

 

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