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
PM SVANidhi crosses 55 lakh beneficiaries, clocks Rs...
Centre clears first Strategic Investment Plan under ...
Buy Indian Bank Ltd for the Target Rs. 1,025 by Moti...
Neutral Vedanta Ltd for the Target Rs. 800 by Motila...
Piyush Goyal highlights ?renewed momentum? in India-...
Indian mid, small caps ?overweight? due to macroecon...
Neutral Bajaj Finance Ltd for the Target Rs.1,000 by...
India's macro indicators show cautious resilience, s...
Centre withdrawing draft sugarcane control order for...
Gold dips 1.36 pc this week over stable dollar, Fed ...
Top News
Gujarat accelerates AI push with plan to provide over 100 GPUs to startups, institutions
MOSt Market Roundup : Equity benchmark indices recovered into positive territory in the last hour of trading after experiencing eight consecutive sessions of losses by Motilal Oswal Wealth Management
Deputy CM Diya Kumari to present Rajasthan budget in Assembly tomorrow
Oil prices drop over 30-day US waiver for Indian refiners to buy Russian crude
