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