Perspective note on rupee 14 January 2022 By Emkay Global Financial Services
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Below is Perspective note on rupee 14 January 2022 By Currency Desk of Emkay Global Financial Services
“The catalyst for fx market is this month’s Fed policy, until then we will see USDINR spot oscillating in between 73.50-74.50. The Fed policy has to signal the four rate hikes this year and aggressive pace even further, then only USDINR spot will get some boost, however till then 74.50-74.60 will act as an immediate resistance, and a break of which can appreciate prices towards 75.”
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
