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Published on 11/02/2021 2:25:38 PM | Source: Emkay Global Financial Services Ltd

USDINR Spot hit a low of 72.70 which is the crucial support zone By Rahul Gupta, Emkay Global

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Below are Views On USDINR Spot hit a low of 72.70 which is the crucial support zone By Mr. Rahul Gupta, Head Of Research-Currency, Emkay Global Financial Services

“We have seen Rupee to appreciate immediately after the news that India’s defence minister stated they reached agreement with China to disengage troops from Pangong TSO lake area on disputed border. USDINR Spot hit a low of 72.70 which is the crucial support zone and if it consistently trades below 72.70 then further downside is expected towards 72.50. However, if the pair respected 72.70 mark then we may see a bounce towards 73.0-73.15.”

 

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