Quote on Rupee 24th February 2026 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Rupee 24th February 2026 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Rupee traded with minor gains near 90.90 as participants kept positions range-bound amid evolving US trade developments. The earlier 18% tariff framework could see adjustments following the US court order, but uncertainty remains as President Trump hinted at consequences if countries alter previously negotiated terms.
This keeps sentiment cautious and prevents aggressive positioning in the currency. Immediate resistance for the rupee is seen near 90.50, while support lies around 91.25, with further direction likely to depend on clarity over trade negotiations and dollar index movement."
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