2025-05-13 05:23:16 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 traded higher by 13 paise at 85.25 against the US dollar, supported by a softer dollar index, which slipped to 101.564, down 0.205 points. Positive sentiment was also seen as both FIIs and DIIs were net buyers in the previous session. Crude oil traded firm at Rs.5,335 with 0.75% gains, limiting rupee appreciation to some extent. Market participants now await the US CPI data due later in the evening, which could guide the next move. The rupee is expected to trade in a range of 84.85 to 85.50."
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