MENU

Published on 14/08/2020 2:19:17 PM | Source: Emkay Global Financial Services Ltd

This USDINR pair needs a trigger to decide the trend by Rahul Gupta, Emkay Global

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 is the Quote on Rupee by Mr. Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services 

“This USDINR pair needs a trigger to decide the trend, even this week the pair has been trading in a very tight range of 74.70-75. Even the ATM Volatility has dropped to 4.63% from 5.77% seen last week, showing signs that market is too quiet. The cue that can drive the currency pair is negative outcome from tomorrow’s  US-China  trade talks. Otherwise, the broader range of 74.50-75.50 will continue to remain intact.”

 

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