Evening Currency Updates 14-07-2021 by Anindya Banerjee, Kotak Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below are Quote on Evening Currency Updates by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities
“It was a day of lackluster trading as USDINR closed barely 5 paise higher on July futures at 74.65 and 9 paise higher on spot at 74.58. FPI selling capped the upside. After a stronger than expected CPI inflation report from US, focus will be on tonights' US Fed chief's testimony. He needs to sound hawkish for USDINR to attempt 74.80/90 levels. Over the next two days, FPI flows in the ongoing ZOMATO IPO can be a negative factor for USDINR. However, we expect RBI to intervene at lower levels. A range of 74.30-74.85 is expected over the next couple of days.”
Above views are of the author and not of the website kindly read disclaimer
Tag News
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
