Quote on Rupee : Rupee traded in a small range between 82.73-82.60 Says Jateen Trivedi, LKP Securities
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Below is Quote on Rupee 26 May 2023 By Jateen Trivedi, VP Research Analyst at LKP Securities
Rupee traded in a small range between 82.73-82.60 with rupee showing strength on back of strong buying in capital markets in the past two days. along with weakness in Crude price in the last 24hrs which has taken a selling from 74.00$ to 71.50$ at one point in WTI Crude. The Rupee trend can continue on a positive note if the US debt ceiling barrier is raised higher in coming days which will fuel strong selling in US dollar and all other assets will see cover. On the flip side any further hints on delay in raising debt will play positive for the dollar and weakness for the rupee. Rupee strength can be seen towards 82.50 in next few sessions.
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