Quote on Rupee 02nd September 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Rupee 02nd September 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Rupee traded slightly positive at 88.16 with gains of 0.05 as optimism around India’s GST reduction move is expected to support consumption and partially offset the negative impact of ongoing tariff pressures. However, the dollar remained firm at 98.30, keeping overall pressure intact on emerging currencies, while crude also traded positive at $65.95, which may add some near-term weakness bias to the rupee. With FIIs still cautious and maintaining their selling stance, volatility is expected to remain. For the near term, the trading range for the rupee can be seen between 87.85 – 88.40."
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