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

Tech Meets Agriculture: 3F Oil Palm Employs Drones f...

Tailwind AMC Launches Alpha Edge PMS with Rs 50 Cror...

Beyond Key Strengthens Leadership with Abhinav Khare...

Krishival Foods Limited Hits US $100,000 Monthly Sal...

Weekly Note : Markets Recovered Over 4% Amid Positiv...

Nifty & Bank Nifty Weekly Outlook by Choice Broking Ltd

Quote on FPI By Dr. V K Vijayakumar , Chief Investme...

MP CM meets President Droupadi Murmu, urges her to p...

IGU to launch inaugural Sixes format for juniors

Shilpa Shetty showers love on her furry baby Truffle