2025-05-08 05:14:48 pm | Source: LKP securities Ltd
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Rupee witnessed a sharp fall, marking its biggest single-day drop in two years, closing 90 paise lower at 85.68 amid escalating tensions along the India-Pakistan border. Reports of drone attacks and retaliatory strikes over the past 24 hours have heightened geopolitical uncertainty, triggering a risk-off sentiment. If the situation worsens, the rupee may face further pressure, with lower levels of 86.00-86.50 potentially coming into play."
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