Evening Currency Update 21 February 2022 by Anindya Banerjee, Kotak Securities
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Below is quote on Evening Currency Update 21 February 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities
USDINR spot closed 15 paise lower at 74.50, due to exporter sales and carry trade bets. Global risk sentiment remain fragile and USDINR may also face stiff RBI intervention at lower levels. Therefore we expect USDINR to slip into a range over the near term: 74.30-74.80 on spot.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
