Quote on Rupee 01st October 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Rupee 01st October 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Rupee gained by 0.17 at 88.67, up 0.20%, as the RBI kept rates unchanged but highlighted its strong focus on maintaining rupee stability on the global front. The central bank emphasized its readiness to take appropriate steps on the rupee as warranted, while also outlining measures to ensure a healthy and liquid banking system. With LAF daily surplus averaging Rs.2.1 trillion since the August MPC, and upcoming liquidity support through CRR cuts and government spending, sentiment improved. The RBI further assured active management of short-term rates via two-way liquidity operations. These supportive remarks helped the rupee recover, with a range now expected between 88.25–89.10."
Above views are of the author and not of the website kindly read disclaimer
