Quote on Rupee : The rupee opened the day strong at 81.65 against the dollar Says Jateen Trivedi, LKP Securities
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Below is Quote on Rupee 04 May 2023 By Jateen Trivedi, VP Research Analyst at LKP Securities
The rupee opened the day strong at 81.65 against the dollar but gave up its gains as it fell towards 81.80 throughout the day. The dollar index was seen trading between 101.04-101.40, and foreign institutional investors (FII) were net buyers. Rupee range can be seen between 81.50-82.00 after FED's desk hinted towards a dovish stance which can help the rupee going ahead, Crude prices in downtrend can also set a positive tone for the rupee as price of Crude has seen strong drift downwards.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
