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Published on 29/10/2020 4:40:34 PM | Source: Emkay Global Financial Services Ltd

USDINR trading above 74 are higher and expect the spot pair to trade within 73.50-74.50 By Rahul Gupta, Emkay Global

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Below are Views On USDINR trading above 74 are higher and expect the spot pair to trade within 73.50-74.50 By Mr. Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services

“The continuation of pandemic in absence of a vaccine is creating a havoc and is playing out in fx market. The fear that economic conditions are going to get worse before they get better, is keeping the dollar strong against EM currencies. Adding to this mood is uncertainty of the US presidential election outcome. So, next week the chances of USDINR trading above 74 are higher and expect the spot pair to trade within 73.50-74.50.”

 


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