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Published on 29/05/2020 3:53:57 PM | Source: Emkay Global Financial Services

Quote on Currency by Mr. Rahul Gupta, Emkay Global

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

“The dilemma between bulls and bears continued throughout the month of May and rupee remained range bound. There is some optimism in the forex market over coronavirus vaccine while  the hostility between US and China is escalating, keeping the positive sentiments in check. The residual flows from foreign fund  and strength in local equities will support the appreciation in rupee, however, the trade tiff will be the major threat. We expect USD/INR spot to trade in between 75.25-76 in the coming days.”

 

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