Evening Currency Update 23 February 2022 by Anindya Banerjee, Kotak Securities
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Below is quote on Evening Currency Update 23 February 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities
" The USDINR spot closed 32 paise lower at 74.55, retracing almost the entire Russia-Ukraine related rally over the last two trading sessions. Improvement in risk appetite, softer oil prices, strong Chinese Yuan and strong corporate flows kept the pair under pressure. Over the near term we expect USDINR to trade within a broad range of 74 and 75 levels."
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