2025-08-04 05:08:14 pm | Source: LKP Securities Ltd
Quote on Rupee 04th Aug 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Rupee 04th Aug 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Rupee weakness continued, ending at 87.68 after a brief gap-up opening at 87.20. Despite minor strength in the dollar index, the key drag remains the 25% tariff imposed by the US, which has kept pressure on the rupee. The early gains were quickly sold into, reflecting persistent bearish sentiment. Markets now await the RBI’s monetary policy on Wednesday, which is expected to drive heightened volatility. The rupee is likely to trade within a range of 87.25 to 88.00 in the near term."
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