Published on 9/07/2021 4:29:22 PM | Source: Emkay Global Financial Services Ltd
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Below are Quote on Rupee By Mr. Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services
“The USDINR spot is not breaking the immediate resistance of 74.95-75 zone. For next week, the fx market focus will be on Zomato IPO and US CPI data along with fears over the global spread of delta variant. The Zomato IPO will open for subscription on Wednesday, and it may attract FII’s participation. So, until the spot is trading below the resistance of 74.95-75, it will be slightly bearish. Only a break of 75 will push prices towards 75.25 zone, while 74.25-74 will act as strong supports.”
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