Perspective note on rupee 03 November 2021 By Emkay Global Financial Services
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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
