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
"The rupee weakened further, trading at 84.42 as the dollar scaled higher above 106.50. Escalating geopolitical tensions between Russia and Ukraine, with the war intensifying again, have contributed to a fresh wave of market sell-offs, adding downward pressure on the rupee. This negativity is expected to persist in the near term. The rupee's range is projected between 84.25 and 84.60, with volatility likely to remain elevated due to global uncertainties."
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