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
New Yatri Suvidha Kendra at NDLS to help passengers ...
Buy CG Power and Industrial Solutions Ltd for the T...
MOSt Market Roundup :Nifty future closed positive wi...
Nifty & BankNifty Weekly Outlook 11th October 2025 b...
DMart's Q2 net profit declines 10 pc sequentially to...
Motilal Oswal Financial Services`long-term rating up...
Japan, India to pursue joint investment opportunitie...
Quote on AMFI September data Report by Ms. Aparna Sh...
Central Electricity Authority unveils roadmap for 10...
Perspective on AMFI`s latest data by Pankaj Shrestha...
