Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives at Kotak Securities Ltd
USDINR closed above 75.00, 23 paise higher on spot on the back of risk aversion in equity markets. Some positive news emerging about Omicron has not allowed the risk aversion to intensify. Over this week, USDINR is going to be driven by trends in global equity markets and also inflows related to MSCI rebalancing and FPI flows into Star Health IPO. We expect a range of 74.70 and 75.40 over the near term.