Powered by: Motilal Oswal
2025-12-23 06:04:04 pm | Source: LKP Securities Ltd
Quote on Rupee 23rd December 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Rupee 23rd December 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Below the Quote on Rupee 23rd December 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

 

"The rupee traded flat near 89.65, moving in a tight 89.45–89.65 range as a softer dollar index around 98.45 and improved domestic risk sentiment provided support. A clear reversal has emerged after recent intervention-led buying from last week’s lows near 91, stabilising the currency for now. Attention is on key US data including the PCE price index, new home sales, and weekly jobless claims, which could reintroduce volatility. Technically, support lies near 90.00 while resistance is seen around 89.25."

 

 

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here