2024-12-20 04:57:09 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 with strength at 85.02 for the day, gaining 0.12rs as it bounced back from oversold levels near 85.10. Despite this recovery, the dollar index's sustained strength continues to exert pressure on the rupee, contributing to its weakness for the fourth consecutive week. While today's gains provided some relief, the broader trend remains bearish. The rupee's weak trading range is projected between 84.85 and 85.15, with market participants closely watching global cues for further 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

Anklets: The Timeless Charm of Foot Jewelry in Moder...

Union Minister stresses on implementation of flagshi...

Telangana CM embarks on week-long visit to Japan to ...

Study finds common genetic variants linked to drug-r...

Rashmika Mandanna to bring tales of joy, hope on soc...

Dia Mirza visits transformed Government school with ...
.jpg)
Rajasthan CM Bhajanlal Sharma participates in 76th F...

Akshay Kumar, Hardeep Singh Puri, others attend scre...

India's Wheat Stocks Soar, Rice Reserves Hit Record ...

Walmart boosts tech presence in India with Chennai o...