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."
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