Rupee - Evening Currency Updates - Feb 17, 2022 - Kotak Securities

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

"USDINR spot closed flat near 75.10 levels. Inspite of the war of words between Russia and Ukraine and NATO, USDINR remained in a non-trending phase. Bids from PSUs absorbed whatever inflows happened from corporates. Over the near term, USDINR may remain range bound within 74.70 and 75.35 on spot, due to lack of fresh triggers."

Source : Equity Bulls

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