Quote on Currency Update by Mr. Anindya Banerjee, Kotak Securities
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Below are Quote on Currency Updates by Mr. Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives at Kotak Securities
“It has been a rangebound day of trading in USDINR. With Nifty closing in the green and risk sentiments intact, the marginal uptick in the US Dollar index and oil prices could only manage to push USDINR 14 paise higher near 74.83 on July futures contract on NSE and 7 paise higher on spot at 74.61. All eyes on tonight's release of minutes of US central bank. We expect the minutes to be hawkish and hence USDINR may remain within a range of 74.60 and 75.00 in July contract for tomorrow's trading. Bias remains upward.”
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
