2025-02-21 05:33:39 pm | Source: LKP Securities Ltd
Going forward, rupee is expected to trade in a range of 86.45-87.10, with global sentiment and capital flows playing a key role in determining direction."
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 traded weak by 0.05Rs at 86.70 despite dollar index slipping to 106.60$, as FII selling continued, keeping pressure on the currency. Additionally, reports of a potential reduction in import taxes on EVs added further strain on the rupee, as it could impact trade balances.
Going forward, rupee is expected to trade in a range of 86.45-87.10, with global sentiment and capital flows playing a key role in determining direction."
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
Elon Musk`s Tesla set to arrive in Delhi on August 11
Not a single case of engine failure or breakdown due...
Madhumalati: The Flowering Vine That Heals Naturally...
Fashion Professional Brushes: The Secret Tools Behin...
Indian markets dip 0.9 pc this week amid US tariff c...
Scientists find antibodies that can protect children...
2nd Test: Ravindra, Conway and Nicholls centuries he...
DPL 2025: All-round brilliance powers Purani Dilli 6...
Company Update : Balkrishna Industries by Motilal Os...
Company Update : SAIL by Motilal Oswal Financial Ser...
