Evening Currency Updates - Feb 23, 2022 - Kotak Securities

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

"The USDINR spot closed 32 paise lower at 74.55, retracing almost the entire Russia-Ukraine related rally over the last two trading sessions. Improvement in risk appetite, softer oil prices, strong Chinese Yuan and strong corporate flows kept the pair under pressure. Over the near term we expect USDINR to trade within a broad range of 74 and 75 levels."

Source : Equity Bulls

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