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

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

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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."

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

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