2025-06-17 05:26:26 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 weak by 0.18 rupees at 86.22 as rising risk sentiment from escalating Israel-Iran tensions weighed on the currency. Weakness in capital markets signaled potential FII outflows, adding to rupee pressure. Additionally, crude oil prices rose amid concerns that tensions near the Strait of Hormuz may disrupt supply, further dampening rupee sentiment. The trading range for the rupee is expected between 85.75 and 86.55."
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