Evening Currency Updates 21st October 2021 by Anindya Banerjee, Kotak Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below is quote on Evening Currency Update 21st October 2021 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities
USDINR spot closed flat near 74.86 levels, due to push and pull of a weak US Dollar Index and falling Indian stocks. With oil prices holding at higher levels, the pace of decline in USDINR can slow. Bias continues to downward as long as the pair holds below 75.10 levels on spot. With strength in emerging market currencies, Rupee can appreciate towards 74.50/60 levels in the coming days.
Above views are of the author and not of the website kindly read disclaimer
Tag News
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
