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Evening Currency Update 11 March 2022 by Anindya Banerjee, Kotak Securities
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Below is quote on Evening Currency Update 11 March 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities
The USDINR spot closed 28 paise higher at 76.59 on the back of rebound in oil prices and hopes of a hawkish US Fed next week. Next US central bank is expected to raise rates. There has been some short covering in USD ahead of that. Over the next week, oil prices and the US Fed will drive USDINR. We expect a broad range of 76 and 77 on spot.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
