Quote on Rupee 08th Aug 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Below the Quote on Rupee 08th Aug 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Rupee traded weak near 87.66 as ongoing tariff concerns from the US continued to weigh on sentiment. With an existing 25% tariff already in place and an additional 25% proposed, the pressure on the rupee remains elevated. While softer crude prices have provided some relief, the delay in trade deal resolutions continues to keep the rupee under pressure. Any positive breakthrough on the trade front could trigger a reversal in rupee weakness. The currency is expected to trade in the range of 87.40 to 87.95."
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