Perspective note on rupee 03 November 2021 By Emkay Global Financial Services
Below is Perspective note on rupee 03 November 2021 By Currency Desk of Emkay Global Financial Services
“This week was a short week with USDINR spot witnessing a downtrend on IPO subscriptions. But we can brace for a heightened volatility next week after the FOMC, BOE monetary policy decisions, OPEC meeting and US NFP data. Only a hawkish Fed could lead to a bounce in USDINR spot as tapering announcement seems to be a done deal. So we expect USDINR spot to trade within 74.20-75.20.”
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory