Evening Currency Update 02 February 2022 by Anindya Banerjee, Kotak Securities

2/02/2022 5:15:11 PM | Source: Kotak Securities

Evening Currency Update 02 February 2022 by Anindya Banerjee, Kotak Securities

News By Tags | #2767 #607 #6830 #6829

Below is quote on Evening Currency Update 02 February 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities

In lackluster trading, the USDINR spot closed 5 paise lower at 74.84. PSU banks were heard to be on the offer. Difficult to say whether they were doing the offer from the central bank but if RBI is on the offer then it could profit-taking move ahead of March year-end. High domestic bond yields and elevated oil prices are threats to the Rupee but in spite of that Rupee is not showing a lot of resilience. Over the near term we expect a broad range of 74.40 and 75.10 on spot.

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

Evening Currency Update 02 February 2022 by Anindya Banerjee, Kotak Securities

Top News

Tag News

More News