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Published on 20/02/2020 5:06:39 PM | Source: Emkay Global Financial Services Ltd

Views On Currency Market by Mr. Rahul Gupta

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

“Despite a lackluster week, we saw an appreciation in USD/INR spot tracking some uncertainty over coronavirus along with sharp surge in dollar index and crude oil prices. There has been some improvement in the risk appetite as China has been infusing stimulus to offset the economic fallout of the epidemic. However, uncertainty may continue until the virus gets completed eradicated. Next week, we expect USD/INR to trade within 71.40-71.85 while Feb contract to expire around 71.35-71.55 zone.”   

 

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