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
US tariffs: Textiles, gems and jewellery to face pre...
Lee Jae Myung pledges to support US push to revitali...
US officials hold talks on energy deals with Russia
Apple`s iPhone 17 launch set for September 9 with ma...
Centre sets ball rolling for 4 new flyovers in Gurug...
Infra sector outlook strong as 42 pc of India's popu...
SAIL beefs up Indian Navy warships with critical-gra...
Indian Post Payment Bank registers 60-70 pc CAGR in ...
Mumbai among world`s top prime residential markets w...
62 pc of Indian SMEs expect sales growth in Q2 FY26
More News
WTI Struggles Below $73 Despite Higher Demand, UAE Cuts by Amit Gupta, Kedia Advisory
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Rupee 06 June 2025 from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities