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Below is the Quote on Rupee by Mr. Rahul Gupta, Head of Research-Currency, Emkay Global Financial Services
"This week, market was very range bound. The rhetoric around the possible resumption of the US-China trade war kept risk sentiments muted. But the risk of collateral damage amid COVID-19 is too high for both the countries as well as the world economy. So, USDINR spot will continue to be news driven. We expect 75, to act as a strong support and USDINR spot may appreciate towards 76."
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