Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

2025-02-04 05:26:27 pm | Source: LKP Securities Ltd

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

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Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

"Rupee gained 0.08rs, trading at 87.08, as some relief emerged from global trade de-escalation talks. Ongoing discussions between Mexico, Canada, and the U.S. on tariff adjustments have eased some pressure on emerging market currencies. However, China retaliated by imposing tariffs on U.S. metal products, keeping trade tensions alive.

Domestically, the growth-focused budget has provided a cushion for the rupee, preventing an immediate slide below 87.50. Market participants will continue monitoring further tariff negotiations and global trade policies, alongside capital flows, to assess the rupee’s next move."

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Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

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