Evening Currency Update 02 August 2021 by Anindya Banerjee, Kotak Securities
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Below is quote on Evening Currency Updates 02 August 2021 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities
"The rupee continued to trade in a lackluster trading range and the spot closed 6 paise lower at 74.34. Relentless intervention from RBI kept the USDINR supportive in spite of a weak US Dollar Index. However, we expect volatility to pick up over this as we head to US jobs report on Friday. We expect the range to be between 74.20-74.60 over the near term."
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
