Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

2025-02-21 05:33:39 pm | Source: LKP Securities Ltd

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 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."

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Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

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