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Quote on Rupee: Rupee traded positive above 82.60 today as the participants offloaded the dollar after positive sentiments Says Jateen Trivedi, LKP Securities
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Below is Quote on Rupee 17 March 2023 By Jateen Trivedi, VP Research Analyst at LKP Securities
Rupee traded positive above 82.60 today as the participants offloaded the dollar after positive sentiments as Eleven U.S. banks, JP Morgan and others will deposit up-to $30 billion into First Republic Bank coming to rescue the lender caught up in a crisis triggered by the collapse of two U.S. lenders. Rupee can continue the volatile moves as prices shall factor in the FED's policy and FED's view point into the financial sector impacted by interest rate high cycle.
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