Evening Currency Updates 12 October 2021 by Anindya Banerjee, Kotak Securities
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Below is quote on Evening Currency Update 12 October 2021 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities
The USDINR spot closed 16 paise higher at 75.51, the highest level since July 2020, in a volatile session of trading. There may have been intervention from RBI at higher levels, coupled with lumpy corporate flows which pushed prices lower but rising oil prices and firming US bond yields kept bids alive. Over the near term, bias remains upward. The range can be between 75.10 and 75.90 on spot.
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