06-12-2024 05:17 PM | Source: LKP securities Ltd
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"The rupee traded slightly positive at 84.67, gaining 0.03rs, after the RBI kept the repo rate unchanged but reduced the CRR, indirectly boosting liquidity and benefiting the banking and financial sectors. While global challenges continue to pressure the rupee, RBI Governor Shaktikanta Das noted that India remains better positioned than its peers. Lower inflation projections and higher growth signals from the RBI provided minor support to the rupee. However, geopolitical concerns remain a headwind. Markets now await key US economic data, including Non-Farm Payrolls and Unemployment figures, which will be critical for the Fed's interest rate trajectory and could impact the dollar and rupee movements. Immediate rupee range remains 84.50-84.85."
Above views are of the author and not of the website kindly read disclaimer
Latest News
Uttar Pradesh: CM Yogi Adityanath holds Janta Darsha...
SAD Chief Sukhbir Singh Badal continues services at ...
Sadhvi Ritambhara appeals to Hindu community to rema...
Uttar Pradesh CM Yogi Adityanath enjoys playing with...
Congress MP Priyanka Gandhi Vadra arrives to attend ...
Lok Sabha LoP Rahul Gandhi reaches Parliament to att...
West Bengal: CM Mamata arrives at Raj Bhavan to meet...
Telecom PLI sees Rs 3,998 crore worth actual investm...
Actor-singer Diljit Dosanjh offers prayers at Mahaka...
Regulators need to strike balance for optimising gro...
