2025-04-03 05:11:34 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 ended flat but traded in a volatile range between 85.75 and 85.35, as markets reacted to Trump’s reciprocal tariff policy. However, the impact on India was seen as limited, with key sectors like Pharma and FMCG largely unaffected.
Despite an initial gap-down opening, rupee saw strong support due to dollar weakness, leading to a sharp recovery. Moving forward, rupee is expected to trade within the 85.00-85.90 range, with global cues and FII flows guiding the trend."
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