15/01/2021 5:57:59 PM | Source: Emkay Global Financial Services Ltd
The movement in USDINR spot is in tandem with other Asian peers By Rahul Gupta, Emkay Global
Below are Views On The movement in USDINR spot is in tandem with other Asian peers By Mr. Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services
"The movement in USDINR spot is in tandem with other Asian peers and going ahead the optimism over US stimulus package will keep it lower. This week, we didn't see much volatility, also RBI 's participation in spot was subdued however next week we can expect volatility to pick up ahead of Biden's oath taking ceremony. Also, with two IPO's opening up for subscription we can expect RBI protecting the downside in USDINR spot. Broadly, USDINR will continue to trade in between 72.50-73.50."
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
Latest News
New weekly injection to offer steady Parkinson`s med...
Jay Shah hails first-timers Italy and the Netherland...
Market drifts lower amid tariff jitters, Q1 earnings...
Liverpool retire Diogo Jota`s jersey number 20
Buy Anant Raj Ltd For Target Rs. 800 By Emkay Global...
Metals & Mining Sector Update : Q1FY26 Preview: expe...
Common Services Centres to celebrate 16 years of dig...
Sell Tata Elxsi Ltd For Target Rs. 4,165 By Choice B...
CM Rekha Gupta distributes Rs 5 lakh each to 24 fire...
Buy Tata Consultancy Services Ltd For Target Rs. 3,9...
