02-08-2022 05:25 PM | Source: Kotak Securities
Evening Currency Update 08 February 2022 by Anindya Banerjee, Kotak Securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/02/d3ef28f9b7d6052531b8f17ec2343fcd.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below is quote on Evening Currency Update 08 February 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities
USDINR spot closed 5 paise higher at 74.74 as traders remain on sidelines ahead of RBI monetary policy. RBI needs to deliver a hawkish policy, or else the growing headwinds: (i) Oil prices (ii) relentless FPI outflows (iii) extremely hawkish pricing of G3 central banks can drive USDINR back above 75 levels, post policy. Over the near term we expect a range of 74.40 and 75.20 levels on spot.
Above views are of the author and not of the website kindly read disclaimer
Latest News
![](https://portfolio.investmentguruindia.com/uploads/news/Clean Science and Technology.jpg)
Buy Clean Science and Technology Ltd For Target Rs.1...
![](https://portfolio.investmentguruindia.com/uploads/news/Somany logo.jpg)
Buy Somany Ceramics Ltd For Target Rs.950 By JM Fin...
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
Buy Gold Above 72200 SL BELOW 71900 TGT 72550/72800 ...
![](https://portfolio.investmentguruindia.com/uploads/news/startup.jpg)
Indian startups raised nearly $7 billion in first ha...
![](https://portfolio.investmentguruindia.com/uploads/news/Srinivas Narayanan.jpg)
Committed to learning from India how to make AI more...
![](https://portfolio.investmentguruindia.com/uploads/news/Mongolia.jpg)
World Bank classifies Mongolia as upper middle incom...
![](https://portfolio.investmentguruindia.com/uploads/news/nitingadkari37.jpg)
Government`s focus on non-polluting energy sources t...
![](https://portfolio.investmentguruindia.com/uploads/news/jul03v68_wcHr0zT.jpg)
Madhya Pradesh Finance Minister Jagdish Devda to pre...
![](https://portfolio.investmentguruindia.com/uploads/news/IT Sector03.jpg)
Accounting firm RSM's US arm plans to more than doub...
![](https://portfolio.investmentguruindia.com/uploads/news/Bharti Airtel Ltd.jpg)
Buy Bharti Airtel Ltd For Target Rs. 1,480 By JM Fin...
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f8722dc5cfdcb05d0a567e0df6a967e.jpg)
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct
![USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0732326f21b0692a41afc4432d1a7a56.jpg)
USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities
![GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/842b8e5254d53919452a82c7f06190bd.jpg)
GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/07/b4693d8dfa74cbdf71a74aa83fde133e.jpg)
Rupee Quote : Rupee traded in a range between 79.80 and 79.98 By Jateen Trivedi, LKP Securities
![Rupee Quote : Rupee traded very weak near 79.25 a fall of more than 0.50 points By Jateen Trivedi, LKP Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/08/32b411e9ba8ec843a9879cfba95dbbdf.jpg)
Rupee Quote : Rupee traded very weak near 79.25 a fall of more than 0.50 points By Jateen Trivedi, LKP Securities
![Perspective note on rupee 03 December 2021 By Emkay Global Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/12/745b9db6a7e54c3f189a71ecd0dd0e30.jpg)
Perspective note on rupee 03 December 2021 By Emkay Global Financial Services
![Rupee Quote : Rupee traded with minor losses falling below 79.65 as the dollar index By Jateen Trivedi, LKP Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/07/52a516f2ed3a7a9a83409aab68a40a7a.jpg)
Rupee Quote : Rupee traded with minor losses falling below 79.65 as the dollar index By Jateen Trivedi, LKP Securities