Quote on Rupee 02 July 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Rupee 02 July 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Rupee traded weak by 0.19% at 85.71 as the Dollar Index showed strength near 96.50 and crude oil found some basing support, adding pressure on the rupee. Additionally, weakness in domestic capital markets contributed to the currency’s softness. Market focus now shifts to key US data releases this week, including Non-Farm Payrolls, Unemployment Rate, and ADP Employment data, which will likely guide dollar movements. Rupee is expected to trade in the range of 85.20 to 85.85."
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