Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

2025-02-08 02:08:24 pm | Source: LKP securities Ltd

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

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Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

"Rupee traded above 87.42 after the RBI cut rates by 0.25% to 6.25%, maintaining a neutral stance while acknowledging declining inflation and slower growth, creating room for policy support. The RBI revised FY25 GDP growth down to 6.4% (from 6.6%) and projected 6.7% for FY26, citing an investment-led recovery.
CPI inflation expectations were lowered to 4.8% for FY25 and 4.2% for FY26, supported by easing food prices and a favorable crop outlook. However, the RBI remains cautious on global risks, including trade tensions and financial volatility.
Despite the minor rupee bounce, further stability depends on FII flows and global market sentiment. The rupee range is expected to stay between 87.25-87.60."

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Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

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