Quote on Rupee 30th March 2026 by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited

2026-03-30 04:16:31 pm | Source: Geojit Investments Limited

Quote on Rupee 30th March 2026 by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited

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Below Quote on Rupee 30th March 2026 by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited

"A significant development today is the mild strengthening of the rupee by about 50 paise in response to the RBI directive capping the net open position (NOP- INR) in the offshore deliverable market at $100 million. Unwinding of the large dollar positions is contributing to rupee appreciation. Even though the RBI directive will curb excessive speculation in the futures market, this is not sufficient to prevent the weakness in the currency which stems from the rising trade and CAD triggered by the spike in crude and sustained FPI selling in the market."

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Quote on Rupee 30th March 2026 by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited

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