2025-03-27 05:31:01 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 flat near 85.50 as market participants awaited the US GDP numbers, which are expected to come in lower at 2.3% vs 3.1%. The dollar index remained above 104.10$, keeping some pressure on the rupee. However, FII flows have turned positive, providing support.
Despite this, crude price firmness has contributed to slight rupee weakness in recent sessions. The rupee range is expected between 85.15-85.85, with upcoming US data releases and crude movement playing a key role in its direction."
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
Consumer Durables Sector Update : UltraTech forays i...
India Strategy : Narrative 2: Tires go hiss... By K...
This is Jennifer Winget`s go-to red carpet look
Nupur Sanon shines at the LFW for Magnum in a Label-...
Banking Sector Update : A partial reversal of stance...
Shilpa Shetty, sister Shamita are `unstoppable toget...
Company Update : Cera Sanitaryware Ltd By JM Financi...
ChatGPT can be used in sensory evaluation of foods, ...
Screen use during bedtime may raise your risk of ins...
Buy Go Fashion Ltd For Target Rs. 980 By JM Financia...
