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Published on 14/02/2020 6:16:22 PM | Source: Emkay Global Financial Services Ltd

Views Quote On Currency Market by Mr. Rahul Gupta

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

“Ever since the budget, USD/INR spot has been consolidating in a very tight range of Rs 71.10-71.50. Next week, we can see some FII/FPI participation in Avenue Supermarts (DMart) stake sale, This OFS related dollar inflows may support rupee. However, focus will continue to be on the coronavirus and what extent it is creating any disruption to global growth, thus, 71.10 is a crucial support in spot, a break of which can take prices towards 71 and below, until then we expect the USD/INR spot to trade within 71-71.50 range.”   

 

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