Quote on Rupee 22nd August 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Rupee 22nd August 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"The rupee weakened by 0.25, settling at 87.50 after initially gaining on the GST reduction news, but the momentum faded as persistent FII selling pressure weighed on sentiment. Market focus now shifts to Powell’s speech at Jackson Hole, which is expected to guide the dollar index and thereby influence rupee direction. Crude price movements and global risk sentiment will also play a crucial role in determining near-term trends. Technically, the rupee has immediate support near 87.75, while resistance is seen around 87.15, suggesting a volatile yet range-bound trade ahead."
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Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
