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Evening Currency Updates 07 October 2021 by Anindya Banerjee, Kotak Securities
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Below is quote on Evening Currency Update 7 October 2021 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities
There has been a cool-off in energy prices, US Dollar Index and bond yields and that has helped USDINR spot to close 19 paise lower at 74.78 levels. Volatility can increase over Friday and Monday, as RBI announces monetary policy and US releases jobs data for the month of September. We expect USDINR to operate within a range of 74.40 and 75.00 on spot.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
