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

Startup Mahakumbh kicks off in Delhi, over 3,000 sta...

FIIs stood as net sellers in equities as per April 0...

Turmeric Report : Turmeric prices increased by over ...

Daily Market Commentary : Nifty 50 Drops 180 pts as ...

Quote on Trump`s Tariff impact on India by Dr. Mano...

MOSt Market Roundup : Nifty, Sensex Dip as IT Stocks...

Perspective on Gold by Ms. Riya Singh - Research Ana...

Quote on Donald Trump`s Tariff announcement from Mr....

SBI Long Term Equity Fund completes 32 years of oper...

Quote on Market Wrap : Markets ended slightly lower ...