Evening Currency Update 31st January 2022 by Anindya Banerjee, Kotak Securities
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Below is quote on Evening Currency Update 31st January 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities
Rupee appreciated in a big way today with spot USDINR closing 42 paise down at 74.61 levels, thanks to lumpy corporate $ flows. A sharp fall in GOIsec after news of Govt's switch announcement also helped the Rupee. Tomorrow there is hope that the Budget will amend the tax laws to allow for the inclusion of GOIsecs in a global bond index. Tomorrow, we expect sharp volatility in USDINR. We expect a range of 74.30-75.00 levels on spot.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
