2025-04-09 04:37:30 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 0.40rs at 86.66, weighed down by heightened global uncertainty after the US announced a steep 104% tariff hike on Chinese goods, escalating trade tensions significantly. This aggressive tariff stance triggered a broad sell-off across global capital markets, including Indian equities, adding pressure on the rupee.
While the RBI attempted to support growth by cutting rates, the move failed to cushion the rupee as risk-off sentiment dominated. Market participants now await the US CPI data due tomorrow, which is expected to bring fresh volatility in currency markets depending on inflation trends and rate cut expectations from the Fed.
In the near term, rupee is expected to trade within a volatile range of 86.25–86.95, with global sentiment and inflation data dictating the direction."
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