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Published on 7/08/2020 3:35:48 PM | Source: Emkay Global Financial Services Ltd

We expect the broader range to be 74.60-75.30 by Rahul Gupta, Emkay Global

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

"The risk-off mood due to US-China trade war and coronavirus concerns have kept USDINR spot above the crucial support of 74.75. Also, it is respecting the immediate resistance of 75.20, only sustained FII selling from equity segment will push the USDINR spot higher. We have to see how US-China trade negotiations take place, along with today's US NFP data as investors await a clearer picture of the heath of US economy. So for next week, we expect the broader range to be 74.60-75.30."

 

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