Evening Currency Update 24 November 2021 by Anindya Banerjee, Kotak Securities
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Below is quote on Evening Currency Update 24 November 2021 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities
“USDINR spot closed 3 paise lower at 74.39. Strong corporate inflows were noted and that led to a mild appreciation in the Rupee. Indian Rupee remains one of the strongest currencies in the world over the month of November, thanks to robust IPO flows, corporate flows and carry trading interest. We expect USDINR to trade within a range of 74.20 and 74.60 over the near term.”
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