2025-02-10 05:13:55 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 hit another all-time low of 87.95 against the dollar in early trading, witnessing a sharp 0.55rs drop. However, buying interest emerged as the rupee neared the 88.00 mark, leading to a partial recovery towards 87.47 by mid-session.
The continued outflow of funds post-budget and RBI policy weighed on sentiment, as neither event provided any substantial reforms or structural shifts beyond higher tax slabs for retail and a minor rate cut from the RBI.
With ongoing capital outflows, global trade tensions, and a strong dollar, rupee volatility is expected to persist in the 87.25 - 88.00 range."
The continued outflow of funds post-budget and RBI policy weighed on sentiment, as neither event provided any substantial reforms or structural shifts beyond higher tax slabs for retail and a minor rate cut from the RBI.
With ongoing capital outflows, global trade tensions, and a strong dollar, rupee volatility is expected to persist in the 87.25 - 88.00 range."
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
India`s UPI can herald cashless era in South Africa
Diversified feedstock, demand-side flexibility, poli...
SEBI has made Indian markets safer, more transparent...
Government BHAVYA scheme to create new generation of...
India`s digital, education reforms reach over 1.49 l...
Bharat Innovates 2026: India wins Silicon Valley`s i...
Non-fossil energy share must exceed 80 pc for net-ze...
FPI selling in India likely to slow down significant...
Inflation in Telangana continues to be highest among...
Monthly SIPs in India grow nearly 10 times over last...
More News
Quote on Rupee 26th June 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currenc...
Quote on Rupee 15th December 2025 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Rupee 29th August 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities