MENU

Published on 7/05/2021 5:38:04 PM | Source: Emkay Global Financial Services Ltd

Quote on Rupee By Mr. Rahul Gupta, Emkay Global Financial Services

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Below are Quote on Rupee By Mr. Rahul Gupta, Head Of Research- Currency, at Emkay Global Financial Services

“The USDINR spot has continued the downtrend and has lacked enthusiasm ahead of US NFP data. The primary reason is traders are focusing on global recovery and increase in vaccination drives in the euro zone. Also, seems like the local fx market has likely factored in the slow economic recovery amid escalating coronavirus cases in India, but still some cautious sentiments prevail. Thus, next week’s USDINR trading range will mostly depend on how DXY reacts to NFP data. If improving economic data stokes inflation worries and leads to expectations that the Fed will reduce monetary stimulus, that could boost US yields and the dollar. Technically, USDINR spot is hovering near the crucial support zone of 73.50. A break below 73.50 will push the spot to 73.25-73.00, while a reversal may push USDINR spot towards the crucial resistance of 74.25.”

 

Above views are of the author and not of the website kindly read disclaimer

 

marsbahis marsbahis marsbahis marsbahis
1xbet 1xbet bahisno 1 bahsegel slot oyna ecopayz güvenilir bahis siteleri canlı bahis siteleri iddaa marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis restbet canlı skor süperbahis mobilbahis
bahigo bahis siteleri güvenilir bahis siteleri kaçak bahis siteleri betist