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Published on 4/11/2020 4:42:34 PM | Source: Emkay Global Financial Services Ltd

The big risk to the currency market is the uncertainty over the new US President By Rahul Gupta, Emkay Global

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Below are Views On The big risk to the currency market is the uncertainty over the new US President By Mr. Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services

“The big risk to the currency market is the uncertainty over the new US President and the inconclusive election result. The democrats are leading but republican are catching up. In such a scenario, trades are preferring to go against rupee. The USDINR spot is respecting the immediate resistance of 75, but the caution and volatility will keep the appreciation intact. For the coming sessions, we expect USDINR spot to trade in between 74-75.50.”

 

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