Published on 20/04/2022 3:56:49 PM | Source: Angel One Ltd

View on Currency Update by Heena Naik, Angel One Ltd

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Below are Views On Currency Update by Heena Naik, Research Analyst - Currency, Angel One Ltd

On 19th Apr’22, USDINR made a gap up opening at 76.31 levels from its previous closing of 76.25 levels. Thereafter, it surged towards 76.52 levels due to fall in local equities which got influenced by weaker US and European equities after Russia demanded the surrender of Ukraine's remaining holdouts in the devastated southern port city of Mariupol. Also, sluggish global growth projections along with prospects of more US rate hikes have dented risk appetite. The upcoming session, too, is likely to see the Rupee trading in range-bound to weaker bias. The expected range is 76.00 to 7

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