Published on 21/01/2021 2:18:11 PM | Source: Emkay Global Financial Services Ltd
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 Views On The hopes of further stimulus under the Biden’s administration By Mr. Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services
"The hopes of further stimulus under the Biden’s administration is keeping all emerging market currencies including rupee on positive note. Also, we have IPO subscriptions this week, which are adding further support to the rupee rally. Although, Biden at his oath ceremony didn’t mention whether he will continue Trump’s stance against China and in our view he may continue the tough line which can weigh on rupee in the coming sessions. In USDINR spot, 72.90-73 zone is acting as a sticky support zone, only a break of this can push price towards 72.75, however a reversal may lead to the resistance of 73.30-73.40."
Above views are of the author and not of the website kindly read disclaimer
Quote on Nifty: The trend remains positive as the index has been sustaining above the major Says Rupak De, LKP Securities
Daily market commentary By Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Buy Alembic Pharmaceuticals Ltd For Target Rs.830 - Yes Securities
Add Godrej Consumer Products Ltd For Target Rs.946 - Yes Securities Ltd
