2025-02-05 05:23:55 pm | Source: LKP Securities Ltd
Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Rupee weakened below 87.40 down by 0.35rs as China’s counter-tariffs on the U.S. fueled fears of an extended tariff war, adding pressure to emerging market currencies. Despite the dollar index easing below 108$ in recent days, rupee weakness persisted due to trade uncertainty and continued FII outflows.
Going forward, rupee is expected to weaken towards 87.75, with any pullback facing resistance near 87.15. Market participants will closely watch further tariff escalations and their impact on global risk sentiment."
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