Quote on Rupee 25th August 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Rupee 25th August 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"The rupee traded weak by 0.07 at 87.58 as the dollar index showed a minor rebound towards 98.00 after last Friday’s Fed’s clear hint of a rate cut in September 2025. While the rupee opened with a minor gap-up, it quickly gave up gains as dollar strength resurfaced. Persistent FII outflows, with foreign investors remaining net sellers in the Indian market, continue to weigh on sentiment. Additionally, renewed concerns over the U.S. tariff stance on India are further curbing rupee upside potential. Going forward, Powell’s policy stance, global crude trends, and FII flows remain crucial for direction. Support for the rupee is seen at 87.95–88.10, while resistance is placed at 87.25–87.50."
Above views are of the author and not of the website kindly read disclaimer
