31/01/2022 5:45:25 PM | Source: Kotak Securities
Evening Currency Update 31st January 2022 by Anindya Banerjee, Kotak Securities
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.
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Sinner wins in return from doping ban at ATP Italian...
IPL 2025: Franchises told by BCCI to assemble by Tue...
Preity Zinta thanks spectators for staying calm afte...
Salman Khan thanks father Salim 'for the best mother...
Indian economy has potential to do much better than ...
Government tightening rules to check gas emissions i...
Macro Pulse, Eco Flash by Mr. Arsh Mogre, Economist...
DII holdings surpasses FII holdings in Nifty-500 com...
Foreign investors infuse over Rs 14,000 crore into e...
Eyelashes as Fashion: From Subtle Enhancement to Bol...
Tag News
News Not Found
