Evening Currency Update 11 January 2022 by Anindya Banerjee, Kotak Securities
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Below is quote on Evening Currency Update 11 January 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities
"USDINR closed 13 paise lower at 73.90 on spot on the back of ongoing corporate $ sales, FPI inflows and carry trade selling. Rupee is trading at the highest levels since mid-November. We suspect RBI intervention may increase as USDINR is trading below 74. However, bias remains downward. Over the near term, we expect a range of 73.60 and 74.30 on spot."
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
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![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)
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