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Perspective note on rupee 15 December 2021 By Emkay Global Financial Services
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Below is Perspective note on rupee 15 December 2021 By Currency Desk of Emkay Global Financial Services
“The USDINR spot is holding the rally and making new highs as the Fed has already acclimatised the fx market to a faster taper, so any indication over quickened rate hike calendar will support the appreciation in spot and we may see it breaching 76.50 zone. Otherwise a slightly hawkish policy on omicron concerns will lead to some consolidation in USDINR spot. Broadly we expect it to remain within 75.75-76.50. Only a consistent trading above 76.50 will lead the rally to 76.90-77 zone.”
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
