Quote on Rupee: Rupee traded positive above 82.16 between 82.24 to 82.15 on back of dollar Says Jateen Trivedi, LKP Securities
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Below is Quote on Rupee 20 April 2023 By Jateen Trivedi, VP Research Analyst at LKP Securities
Rupee traded positive above 82.16 between 82.24 to 82.15 on back of dollar index trading soft below 101.70$ along with weakness in crude as WTI traded below 78$ giving support to rupee. Rupee continues to be the broad range between 81.80-82.25 pricing in the interest rate probability of hike in May policy by 0.25bps. Rupee range can continue between 81.80-82.25
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