Rupee going ahead can be seen in the range of 81.50-82.10. Says Jateen Trivedi, LKP Securities
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Below the quote in Rupee from Jateen Trivedi, VP Research Analyst at LKP Securities.
Rupee traded positive with strong gains of 0.30% at 81.85 on back of weakness from dollar and FII's positive momentum in Indian markets helping rupee strengthen. CPI in US came lower than expectation at 5.0% and CPI in India came at 5.66% again lower than expected lines thus helping rupee on broad bases, as interest rate cycle hike will be seen with dovish points according to data specific approach. Rupee going ahead can be seen in the range of 81.50-82.10.
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