Rupee - Evening Currency Updates 21 Jan 2022 - Kotak Securities

Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives at Kotak Securities Ltd

USDINR spot closed 7 paise lower at 74.42 on the back of offers from corporates and exporters. Risk off sentiments limited the downside. However, overall view remains of a range, as decent corporate $ selling interest is offsetting FPI outflow and impact of high oil prices. We expect a range of 74.10 and 74.70 over the near term.

Source : Equity Bulls

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