Quote on Rupee: Rupee traded in a small range between 82.15-82.30 with some buying witnessed at 82.30 zones Says Jateen Trivedi, LKP Securities
Below is Quote on Rupee 16 May 2023 By Jateen Trivedi, VP Research Analyst at LKP Securities
Rupee traded in a small range between 82.15-82.30 with some buying witnessed at 82.30 zones. US Dollar index traded in small range thus providing rupee minor support after the last three days of losing streak. Crude prices found a volatile range between 5810-5890 with selling observed from higher levels. Participants await clarity on US debt ceiling and retails sales & Core retails sales data to be announced US Debt crisis worries looms around the neck of financial sectors which can keep US dollar fall at check and rupee can be impacted by the same on weakening side. Rupee range can be seen at 82.10-82.35
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