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
"The rupee traded strong, gaining 0.12rs to close at 84.30, as capital markets witnessed robust fund inflows or significant short covering, lending support to the currency. This comes after a sharp decline in the rupee from 83.45 to 84.50 over the past 45 days in October. The recent strength suggests a potential rally, provided the dollar index remains below the 107$ mark, as it has corrected from its recent highs of 108$. Rupee's immediate range is projected between 84.10 and 84.45, with further movement dependent on global cues and dollar index trends."
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Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
