Quote on Rupee : The rupee traded in range between 81.95-82.08 zone Says Jateen Trivedi, LKP Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below is Quote on Rupee 10 May 2023 By Jateen Trivedi, VP Research Analyst at LKP Securities
The rupee traded in range between 81.95-82.08 zone while the dollar index remained muted between $101.30 - $101.50 high. Forex participants are largely waiting for the CPI data in the US and the Karnataka exit poll results. The dollar index muted trend may see an uplift from today's evening data on CPI as any higher Core CPI from the expected 5.6% will create buying in the dollar, as another rate hike possibility will increase. Whereas a drop in number will strongly be cheered as interest rate pause will likely be on cards on lower CPI data. Rupee can be seen breaking the range of 81.80-82.15 in the next session.
Above views are of the author and not of the website kindly read disclaimer
Top News
India's merchandise exports up 24% to $38.19 billion in April; trade deficit widens to $20 b...
Tag News
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
More News
Quote on Morning market 29 March 2022 By Dr. V K Vijayakumar, Geojit Financial
