Perspective note on rupee By Emkay Global Financial Services
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Below is Perspective note on rupee By Currency Desk of Emkay Global Financial Services
“The USDINR spot is trading around 75 zone, as higher risk appetite is keeping all emerging market currencies afloat. On the economic front, this is a quiet week to judge by data, so the sideways move can continue till the prominent trend is reclaimed. In spot, the crucial support lies around 74.70-74.50, while resistance is around 75.40-75.50.”
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