Evening Currency Update 07 December 2021 by Anindya Banerjee, Kotak Securities
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Below is quote on Evening Currency Update 07 December 2021 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities
"USDINR spot closed flat at 75.42/43 levels. Lumpy corporate $ outflows blunted the positive impact from positive risk sentiments. Over the remainder of the week, USDINR may see volatility rise post RBI. However, the RBI may sound a little hawkish while maintaining the status quo on rates. A hawkish stance can fuel higher volatility in USDINR. We expect a range of 75.20 and 75.80 on spot over the near term, with a slightly upward bias."
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
