2024-12-12 05:07:28 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
"The rupee traded flat near 84.86, continuing to hover in a weak range of 84.75-84.95. The recent US CPI data came in line with expectations, signaling potential continuity in the Federal Reserve's rate-cut trajectory. However, the dollar held its ground near the key 106$ level, keeping pressure on the rupee. Additionally, FII selling resumed after a brief phase of buying, further contributing to rupee weakness."
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