Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
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Below the Quote on Rupee By Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Rupee traded strong, gaining 0.10rs to close at 83.86, as expectations of interest rate cuts continue to provide support, preventing the rupee from falling below 84.00. The strong demand around 84.00 keeps the rupee buoyant, with resistance seen at 83.75. The rupee is expected to trade in a positive range between 84.00-83.70. Friday’s US Core PCE price index could introduce further volatility in the dollar index, currently near 101.13."
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