2024-10-11 04:21:48 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
"The rupee traded lower by 0.12rs at 84.08, pressured by the recent rise in the dollar index from 100.50$ to 102.40$ and its steady hold. Continuous FII outflows from Indian markets have added to the rupee's weakness, signaling potential further declines. The rupee may extend its weakness towards 84.25-84.35, especially if it holds below 84.00. Support is expected in the 84.20-84.35 range, while resistance is seen between 83.70-83.80."
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Company Update : Rural Electrification Corporation L...
Centre disbursed Rs 964 crore to electronics sector ...
Krystal Integrated Services delivers strong financia...
Zupee Brings Salman Khan`s Signature Quirk to Its Ne...
Company Update : Bajaj Finance By Motilal Oswal Fina...
Centre notifies new Income-Tax Rules for non-residen...
Gold Advances to $2,750 Amid Trade Uncertainty and R...
Temperature Rise in North Won't Affect Rabi Crops by...
Company Update : HDFC Bank By Motilal Oswal Financia...
Pre budget Quote on IT Industry by Pradyumn Sharma, ...
