The currency market is trading in a very tight range By Rahul Gupta, Emkay Global

22/01/2021 4:42:07 PM | Source: Emkay Global Financial Services Ltd

The currency market is trading in a very tight range By Rahul Gupta, Emkay Global

News By Tags | #2767 #2259 #607 #5733

Below are Views On The currency market is trading in a very tight range By Mr. Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services

"The currency market is trading in a very tight range, and there is no volatility to keep it on an edge. Next week is FOMC policy and Fed will keep the easy monetary policy, keeping dollar subdued. The optimism over growth is still high but if there are delays in vaccine rollout then the immediate impact will be some upside in spot. RBI is keeping the spot near 73 zone, if that breaks the spot will fall to 72.75, while 73.50 will continue to be the resistance."

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

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

The currency market is trading in a very tight range By Rahul Gupta, Emkay Global

Top News

Tag News

More News