Quote on Rupee : Rupee this time, fell below 82.48 levels which were last seen on 3rd March 23 Says Jateen Trivedi, LKP Securities
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Below is Quote on Rupee 14 March 2023 By Jateen Trivedi, VP Research Analyst at LKP Securities
The Rupee fall continued as the Silicon Valley Bank in the US has spread concerns over the spillover fears after its collapse and in line with Asian peers. Rupee this time, fell below 82.48 levels which were last seen on 3rd March 23. The ripple effect can keep the forex market into continued volatile sessions as ATR suggests the range is becoming bigger in rupee. A range which was earlier at 0.30rs has now moved to average of 0.37rs in a matter of few days. A range below 0.30rs is considered as less volatile in rupee thus traders will be keenly watching further course of action into rupee movement. Range for rupee can be seen between 82.20-82.75
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
