Rupee - Evening Currency Updates for Feb 14, 2022 - Kotak Securities

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

"The USDINR spot closed 22 paise higher at 75.59 as traders bought $ on account of rising oil and weak equity markets. Oil demand from PSU oil companies was heard too. However, strong corporate inflows capped the advance and some PSU banks heard of the offer. Over the near term, oil and equity markets will drive USDINR. We expect a range of 75.20 and 76.00 over the near term with an upside bias."

Source : Equity Bulls

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