Evening Currency Update 30 August 2021 by Anindya Banerjee, Kotak Securities
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Below is quote on Evening Currency Updates 30 August 2021 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities
USDINR clocked back-to-back losses as spot closed 42 paise lower at 73.26, lowest levels since mid-June. Dovish comments from the US Fed chairperson last Friday have added fuel to fire. Risk on a rally in stocks and commodities and weakness in the US Dollar against Asian currencies pushed the pair lower. RBI may have intervened. Over the near term, USDINR can trade with a downward bias within a range of 73.00 and 73.60 levels on spot.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
