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."
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
India's startup ecosystem generates about 25 lakh jo...
South Korea's ICT exports for May hit all-time high ...
Tamil Nadu: Rs 100 crore DPR submitted for Thanjavur...
Hyundai Motor Group takes up 11.8 pc of US market th...
Talent, innovation and skilling to make India a key ...
Startups hail global platform as PM Narendra Modi to...
ISRO working on tech to extend lunar lander life up ...
BRICS adopts farmer-centric Indore Declaration: Shiv...
India`s UPI can herald cashless era in South Africa
Diversified feedstock, demand-side flexibility, poli...
