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Evening Currency Update 14 February 2022 by Anindya Banerjee, Kotak Securities
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Below is quote on Evening Currency Update 14 February 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities
“The USDINR spot closed 22 paise higher at 75.59 as traders bought $ on account of rising oil and weak equity markets. Oil demand from PSU oil companies was heard too. However, strong corporate inflows capped the advance and some PSU banks heard of the offer. Over the near term, oil and equity markets will drive USDINR. We expect a range of 75.20 and 76.00 over the near term with an upside bias.”
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
