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Quote on Rupee : The US debt crisis has added pressure on economies and may have contributed to the rupee`s weakness Says Jateen Trivedi, LKP Securities
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Below is Quote on Rupee 12 May 2023 By Jateen Trivedi, VP Research Analyst at LKP Securities
"Based on the given information, the rupee has been trading weak with a range of 82.08-82.22, hovering around 82.15. The US debt crisis has added pressure on economies and may have contributed to the rupee's weakness. Despite attempts to cross 82.00, the rupee has failed and is awaiting the outcome of the Karnataka election results, which will be keenly observed by market participants. The range for the rupee is expected to be 81.95-82.25, with a break either side providing a clear trend."
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