Quote on Rupee 17th October 2025 by Jateen Trivedi, VP Research Analyst

2025-10-17 04:12:10 pm | Source: LKP Securities Ltd

Quote on Rupee 17th October 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

News By Tags | #ExpertViews #CurrencyTips #LKPSecuritiesLtd #JateenTrivedi

Below the Quote on Rupee 17th October 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

"Rupee traded slightly weaker, losing 0.12 paise to close at 88.01, as foreign investors continued to stay cautious, with data indicating limited FII participation on the buy side. The ongoing U.S. government shutdown has had a mixed impact, though the absence of any fresh tariff updates on India has provided some relief to sentiment. RBI’s likely intervention around the weaker zones of 88.50–88.80 is expected to cushion the downside and keep the rupee supported. Key support levels are placed between 88.40–88.80, while resistance is seen near 87.80–88.00."

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

Quote on Rupee 17th October 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Top News

Tag News

More News