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Perspective note on rupee 07 January 2022 By Emkay Global Financial Services
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Below is Perspective note on rupee 07 January 2022 By Currency Desk of Emkay Global Financial Services
“The hawkish Fed minutes didn’t have a desired impact on USDINR spot and instead of appreciating it is still flat hovering around 74.50 zone. The focus is on tonight’s US NFP data for guidance on trajectory. A set of solid job data, in particular wage growth, may likely push the USDINR spot higher, but a dismal data would weigh on spot, pushing it below 74 zone next week. So broadly we expect the USDINR spot to trade within 73.85-75 range.”
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
