Quote on Rupee: Rupee after a positive opening near 81.80 witnessed selling pressure towards 81.97 Says Jateen Trivedi, LKP Securities
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Below is Quote on Rupee 10 April 2023 By Jateen Trivedi, VP Research Analyst at LKP Securities
Rupee after a positive opening near 81.80 witnessed selling pressure towards 81.97 as Crude prices stayed higher on back of OPEC production cut announcement keeping pressure in rupee. The Crude dollar index was seen higher near 101.70$ as price took support of 101.20$ last week. FII's positive flow helps rupee as prices stay sideways near 82.00 but crude price positive moves can keep rupee weak towards 82.20 once 82.00is breach.
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