Quote on Rupee 05th March 2026 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Rupee 05th March 2026 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Rupee traded stronger at 91.50, gaining 0.55, as signs of possible intervention were seen after the sharp weakness witnessed in recent sessions. The recovery suggests efforts to stabilize the currency amid rising volatility driven by geopolitical tensions and commodity price movements.
Going ahead, dollar index movement and developments in the West Asia conflict will remain key drivers for the rupeeas FII’s position gets influenced on Crude rates. Technically, support is placed near 91.10, while resistance is seen around 92.00, with the currency likely to remain sensitive to global risk sentiment and capital flows."
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