Quote on Rupee 06 June 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Rupee 06 June 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"The rupee appreciated to 85.65, gaining 17 paise, supported by the RBI’s cumulative 1% (100 bps) rate cut over the past three policy meetings, including the latest 50 bps cut. This aggressive easing stance has injected liquidity and improved investor sentiment, especially as it aligns with a broader effort to revive growth through monetary stimulus. The move supports risk assets and encourages capital inflows, aiding the rupee’s short-term strength. Technically, 86.00 remains a strong support level, and the immediate resistance zone lies between 85.25 and 85.00. A sustained move below 85.25 may be required for further appreciation, but near-term consolidation is likely within this range."
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