2025-03-28 05:14:37 pm | Source: LKP Securities Ltd
Looking ahead, positive FII cues are likely to sustain the upbeat sentiment for the rupee. However, today’s Core PCE Price Index data will be crucial in determining dollar volatility. The rupee range is expected between 85.00-85.75, with capital flows and US economic data shaping the next move."
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 rallied sharply by 0.30rs to 85.45, driven by a strong FII inflow of Rs 11,111 Cr, which boosted sentiment and supported rupee buyers. The dollar’s range-bound movement provided additional relief, keeping pressure on the rupee limited.
Looking ahead, positive FII cues are likely to sustain the upbeat sentiment for the rupee. However, today’s Core PCE Price Index data will be crucial in determining dollar volatility. The rupee range is expected between 85.00-85.75, with capital flows and US economic data shaping the next move."
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