2025-04-11 05:51:33 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 positive with strong gains of 0.70rs at 86.00, supported primarily by a weaker dollar index and a significant sentiment boost from the US decision to relax tariffs on Indian goods by 10% for the next 90 days. This move has been well received by the markets, as it opens the door for further dialogue between the two nations, potentially easing trade tensions in the near future.
Additionally, Indian capital markets rallied, reflecting optimism around improving bilateral trade ties and the reduced risk premium for Indian exports. With both global cues and domestic equity strength favoring the rupee, momentum remains upward in the short term. Rupee is expected to trade in the range of 85.50–86.50, with continued support as long as global risk sentiment remains stable and FII inflows are sustained."
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