Quote on Rupee: Rupee can be seen in range of 81.85-82.25 Says Jateen Trivedi, LKP Securities
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Below is Quote on Rupee 11 April 2023 By Jateen Trivedi, VP Research Analyst at LKP Securities
Rupee traded weak below 82.10 against the dollar as participants are pricing in the CPI data effect of both India and US which is to be released tomorrow with some hawkish view point hovering in US after the Unemployment data was lower than expected which can keep room open for Fed's to hike one more time in upcoming May month Fed's Policy decision. Thus the rupee is trying to factor in the CPI effects. Rupee can be seen in range of 81.85-82.25
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