Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

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

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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."

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Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

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