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 traded flat around 84.09, hovering near all-time lows, as FIIs continued their selling spree in Indian markets. Market participants are eyeing Friday's US NFP and unemployment data for cues on the dollar's trajectory, with the greenback currently trading around 103.80, up from recent lows of 100.50. Next week's US election results are also expected to provide direction for markets. The rupee remains under gradual pressure, with support seen around 84.15-84.25 and resistance between 83.95-84.00."
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