Evening Currency Update - Sep 22, 2022 - Kotak Securities

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

"USDINR spot closed at 80.86, up 89 paise, to all time high. Post super hawkish Fed and sell off in equity markets, there was significant unwinding of shorts in dollar. Central bank seems to have not intervened aggressively. However, in the coming sessions, we expect RBI to step in and contain volatility. Therefore, a range of 80.40 and 81.20 can be seen."

Source : Equity Bulls

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