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Published on 3/06/2020 3:02:10 PM | Source: Emkay Global Financial Services

Quote on Rupee by by Mr. Rahul Gupta, Emkay Global

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

"Now investors have started focusing on the prospect that economies are re-opening all over the world from the pandemic. Thus, risk sentiment have turned positive and dollar index is subdued amongst major emerging market currencies. There still exists slew of risks, including US-China trade tiff and concerns that it may jeopardise the Phase-1 deal. Despite, strong inflows into equity, USD/INR spot was unable to break the crucial support of 75, and it reversed towards 75.40. The immediate resistance lies around 75.60."

 

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