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

2025-03-24 05:23:44 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 positive, driven by strong FII buying over the last few days, which has reversed the fund flow impact on the rupee. The rupee strengthened past 85.70 as the dollar struggled to stay above 104$. Additionally, expectations of Russia-Ukraine truce talks have kept market liquidity active, further supporting the rupee's momentum.

If the dollar remains below 104$ and FII inflows continue, the rupee could inch towards the 85.00 zone this week. The next resistance levels are at 85.10-85.25, while support is seen at 85.85-86.00."

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

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