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
Buy Union Bank of India Ltd For Target Rs.140 - Prab...
Sell Jeera Apr @ 21800 SL 22200 TGT 21400-21200. NCD...
Sirca Paints India Limited (?SPIL?) has acquired the...
Buy Kapas Apr @ 1445 SL 1435 TGT 1455-1465. NCDEX - ...
Buy Crudeoil Apr @ 5850 SL 5770 TGT 5940-6000. MCX -...
Bain Capital to Acquire Joint Control and Invest in ...
JM Financial zooms on entering into Share Purchase A...
Sell Zinc Mar @ 276 SL 278 TGT 274-272. MCX - Kedia ...
Stock Holding Corporation of India Limited (StockHol...
Lloyds Metals jumps on getting environmental clearan...
