2025-02-25 05:32:36 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 traded very weak at 87.11, down 0.505Rs, as FII sell-off continued and crude oil prices remained elevated amid US tariffs on Iran, which pushed oil demand higher. The dollar index at 106.65$ also added to the pressure on the rupee.
With continued capital outflows and rising crude prices, rupee weakness may persist. Support is seen near 87.45, while resistance remains at 86.85. Market focus remains on global risk sentiment, oil price trends, and central bank policy signals."
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
Delhi CM Rekha Gupta tables the CAG report on Excise...
Money with Happiness: Achieving the Perfect Balance
Intricate Kedarnath Temple model made of matchsticks...
FIIs stood as net sellers in equities as per Februar...
Construction of National Highway 144A in full swing ...
Government committee to review US reciprocal tariff...
Gujarat CM Bhupendra Patel offers prayer at Shri Som...
Defence Sector Updat : Reaching new heights by Elara...
Evening Roundup : A Daily Report on Bullion Energy &...
Quote On Post market comment by Mandar Bhojane, Rese...
Tag News
Quote On Post market comment by Mandar Bhojane, Research Analyst, Choice Broking
Daily Market Commentary : Nifty Ends 6 Points Lower at 22,548 Amid Mixed Global Cues Says Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd
Market Quote : Markets Trade Range-Bound Ahead of Key Economic Data & Expiry Says Vinod Nair, Head of Research, Geojit Financial Services
Quote on Nifty by Rupak De, Senior Technical Analyst at LKP Securities
