2025-03-25 04:30:55 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
"Rupee witnessed minor profit booking after a strong run-up in recent days, closing at 85.77, down by 0.19rs or 0.22%. Despite strong FII buying figures supporting sentiment, today's capital market profit booking spilled over into currency markets.
Looking ahead, US GDP numbers and PCE & Core PCE price index data will be key drivers for currency movement. The rupee range is expected between 85.45-86.25, with global cues and capital flows dictating further moves."
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