Quote on Rupee 21st August 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Rupee 21st August 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Rupee traded weak by 0.17 at 87.22 as markets reacted to the anticipated GST restructuring, with the shift of 28% and 12% slabs being considered for reduction towards 18% and 5%. This reform, while positive in the medium term, has kept volatility elevated as sectors with higher GST are repricing their cost structures. The rupee was further pressured as FIIs continued to hold their shorts and remained net sellers in Indian markets, limiting any near-term recovery. Technically, strong support for the rupee is placed around 87.50–87.70 levels, while resistance is capped near 86.80, and a decisive break below these levels will dictate the next directional move."
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