Evening Currency Update 24 August 2021 by Anindya Banerjee, Kotak Securities
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Below is quote on Evening Currency Updates 24 August 2021 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities
“USDINR spot closed flat, near 74.20 levels as RBI absorbed the $ inflows. Weak US Dollar Index and strong equity markets had little impact on the pair due to central bank intervention. USDINR may remain in a listless phase ahead of Jackson Hole event on Thursday and Friday. We expect a range of 73.90 to 74.40 levels over the near term.”
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
