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Published on 5/11/2020 5:39:35 PM | Source: Motilal Oswal Financial Services Ltd

We expect the rupee to quote in the range of 73.80 and 74.40 By Gaurang Somaiya, Motilal Oswal

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Below are Views On We expect the rupee to quote in the range of 73.80 and 74.40 By Mr. Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services

“Rupee rose for the second successive session following gains in domestic and global equities and weakness in the dollar against its major crosses. Early polls suggest that Joe Biden could be leading the race but market participants will be awaiting for more clarity on the same. Today, focus will be on the FOMC policy statement and expectation is that the central bank could maintain a dovish stance and that could keep the greenback weighed down. In the next couple of sessions we expect the rupee to quote in the range of 73.80 and 74.40.  ”

 

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