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
Next week is a truncated week with currency holidays, so we can expect market participation to be muted. At this point fx market is trying to get some more global news that will be the next catalyst. So, unless any nation stops the vaccine rollout, the rapid vaccination drive by the US will keep the risk appetite higher. However, lockdown in Europe and upbeat US data will limit any fall in USDINR spot. Thus we expect the spot to trade within 72.20-72.80.”
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