Quote on Rupee 09th March 2026 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Rupee 09th March 2026 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Rupee traded sharply weaker, dropping Rs 0.52 to 92.50, as the dollar index strengthened above 99 and crude oil prices surged nearly 25% at one point, touching highs near $119. The sharp rise in oil is increasing India’s import bill, which continues to weigh heavily on the rupee’s sentiment.
With energy prices elevated and the dollar firm, pressure on the rupee may persist. The currency is expected to trade within a 91.75–92.90 range in the near term, with crude price movement and global risk sentiment remaining the key drivers."
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Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
