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

2024-09-30 04:50:10 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

"The rupee weakened by 0.09rs, closing at 83.79 as volatility in the dollar index increased, driven by reactions in Asian markets to Middle East tensions and volatility in the Japanese market. The Indian index witnessed profit booking, primarily led by Reliance and the banking sector, contributing to continued rupee weakness from the 83.50 zone. Support for the rupee is seen in the 83.85-83.95 range, while strong resistance lies between 83.50-83.40."

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

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