Quote on Rupee By Mr. Rahul Gupta, Emkay Global Financial Services
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Below are Quote on Rupee By Mr. Rahul Gupta, Head Of Research- Currency, at Emkay Global Financial Services
"Overall the sentiments are quite risk-on amid economic revival and reopening of the Western countries. Also, in India the improving trend of moderation in daily new Covid cases is boosting risk sentiments. While, dollar index has continued the downtrend, despite Fed minutes spooked the market on the prospect of Fed tapering and there are less signs of DXY bouncing atleast in the short term. So fx traders will monitor the Covid situation and trend in dollar, and keep the spot within 72.50-73.50 with a negative bias."
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
