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."
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
India`s cellular IoT market grows 40 pc in July-Sep,...
Our shipyards powering PM Narendra Modi`s vision to ...
SBI cuts lending, retail deposit rates from Dec 15
Commerce Ministry lists progress on free trade pacts...
India remains a bright spot amid global uncertainty:...
Nifty 50, Nifty Midcap 150 emerge as top indices in ...
Attero achieves Responsible Jewellery Council (RJC) ...
Increased FDI limit in insurance to boost innovation...
SAIL posts 27 pc sales growth in Nov, retail sales u...
UK trade pact doesn`t restrict India`s use of compul...
