2025-08-20 05:33:47 pm | Source: LKP Securities Ltd
Quote on Rupee 20th August 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Rupee 20th August 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Rupee traded flat near 87.02 as the dollar index hovered steady at 98.25, with participants awaiting Powell’s speech on Friday. Recent tariff developments kept volatility elevated, though sentiment found some stability after PM Modi’s Independence Day announcement on GST reduction before Diwali. Technically, the rupee continues to face strong resistance near 86.80 levels, while immediate support lies in the 87.60–87.80 zone, suggesting a range-bound bias until fresh triggers emerge."
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