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 positive gaining 13 paise to settle at 84.32 as sustained FII inflows continue to support the domestic currency. The recent trend of foreign fund purchases has significantly strengthened rupee sentiment. Additionally, a sharp decline in crude oil prices down over 20% year-to-date has provided a further cushion, easing India's import bill and supporting macro fundamentals. Going ahead, the rupee is expected to trade in a range of 84.00 to 84.75, with continued global risk sentiment and commodity movements guiding intraday volatility."
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Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
