2025-08-19 05:06:07 pm | Source: LKP securities Ltd
Quote on Rupee 19th August 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Rupee 19th August 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Rupee surged 40 paise to 86.91, marking a strong positive move after S&P upgraded India’s economic outlook following PM Modi’s GST reduction announcement. While US tariffs remain a concern, the S&P upgrade reflects confidence in India’s economic development. Additionally, positive triggers emerged from India-Japan ties ahead of PM Modi’s visit to Japan on August 29, further improving sentiment. With FIIs showing reduced selling pressure, the rupee is expected to trade in a range of 86.60–87.25."
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