With Biden passing the $1.9 trillion fiscal stimulus package By Rahul Gupta, Emkay Global
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Below are Views On With Biden passing the $1.9 trillion fiscal stimulus package By Mr. Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services
"With Biden passing the $1.9 trillion fiscal stimulus package, the question arises whether the US economy is still in need of an additional monetary policy support. Or like ECB policy, the Fed can also increase the volume of bond buying in order to calm the rising US yields. So next week’s Fed policy outcome is very crucial to set the overall mood of the market. Right now, higher risk appetite is keeping the spot below 73 zone. For next week, we expect USDINR spot to trade within 72.25-73.25 with a sideways bias.”
Above views are of the author and not of the website kindly read disclaimer
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0732326f21b0692a41afc4432d1a7a56.jpg)
![GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/842b8e5254d53919452a82c7f06190bd.jpg)