01-01-1970 12:00 AM | Source: Kotak Securities
Evening Currency Updates 24-07-2021 by Anindya Banerjee, Kotak Securities
Below is Quote on Evening Currency Updates by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities
- After two weeks of low volatility, USDINR saw some decent two-way moves. Prices oscillated between 74.35 and 75.10 levels. However, the month-old range between 74.20 to 75.10 remains intact. The reason being RBI remains a major buyer of US Dollars at lower levels and corporate $ flows and FDI inflows are capping the upside. The end result is a range of 1%.
- Next week prices may continue in the current range as long as RBI remains a major buyer of US Dollars. The US central bank meeting on Wednesday is not expected to deliver any new information and hence would keep USDINR within 74.20 and 75.00 range. IPO-related FPI flows may pick up over the next week.
Above views are of the author and not of the website kindly read disclaimer
Latest News
Godrej Security Solutions Partners with HDFC Bank to...
Groww launches India`s first Nifty Non-Cyclical Cons...
Federal Bank climbs on reporting rise in Q4 consolid...
Eicher Motors inches up after its motorcycle divisio...
Mahindra Auto sells 41,008 SUVs in India in April, r...
DigiCert and Deutsche Telekom Forge Strategic Partne...
Krafton India expands first cohort of gaming incubat...
Reaction Quote On US Fed Reserve announcement (FOMC)...
PSU stocks among top gainers in trade
Microsoft to invest $2.2 bn to fuel Malaysia's cloud...
Tag News
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct
USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities
GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart