Quote on Rupee 03 August 2022 By Jateen Trivedi, VP Research Analyst at LKP Securities.
"Rupee traded very weak near 79.25 a fall of more than 0.50 points as the dollar index rose above 106$ on back of US China geopolitical issues with regards to Taiwan. Also India’s trade deficit widened to an all time high. Sending signals on imbalance of trades guiding rupee weaker to dollar."
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