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Published on 8/02/2020 6:07:16 PM | Source: Emkay Global Financial Services Ltd

Views Quote On Currency Market By Mr. Rahul Gupta

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Below is the Views Quote on Currency Market  By Mr. Rahul Gupta, Head of Research-Currency, Emkay Global Financial Services

“Since the start of this month, USD/INR has been on a bearish note amid expansionary budget and RBI policy. Meanwhile, despite China inventing a vaccine to contain the coronavirus, the worries over it spreading rapidly has turned market sentiments mixed. Going ahead, if the number of infected cases increase then it will dent the risk appetite even further, putting downward pressure on Emerging market currencies. Next week, we expect USD/INR to trade within 71-71.60, dollar flows related to Dmart’s QIP may cap the appreciation in spot.”  

 

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