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
Views on AMFI Data by Mr Ankur Punj MD and National ...
Daily Market Commentary : Nifty opened gap-down as I...
Quote on Weekly Market Round-Up by Shrikant Chouhan,...
Quote on Market Wrap Up by Mr. Ajit Mishra - SVP, Re...
Quote on Weekly Market Wrap by Amol Athawale, VP-Tec...
Quote on Gold by Jateen Trivedi, VP Research Analyst...
Quote on Nifty by Rupak De, Senior Technical Analyst...
Perspective on AMFI Data by Sanjay Agarwal, Senior D...
Quote on Rupee by Jateen Trivedi, VP Research Analys...
Government expands credit guarantee scheme for startups
