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."
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
The Myth of Perfect Fitness in Social Media Era
India-NZ FTA to act as gateway to Oceania with $5 bn...
FMCG major Jyothy Labs` Q4 profit falls 12 pc to Rs ...
Tech-driven innovation key to India`s economic renai...
Common man is our 'Vitthal': Maha CM Devendra Fadnav...
SEBI mulls advisory on risks from next gen AI tools
Gap-Up Start on Global Boost; Index Hits 24,290 Earl...
Nitin Gadkari reviews new highway project plans for ...
Dressing for Social Media vs Real Life
Quote on Post market comment for Monday May 4 by Hit...
