2025-05-23 05:36:38 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 strong, appreciating by 72 paise to settle at 85.20 against the US dollar, marking a sharp 0.85% intraday gain. The rally was driven by a decline in the dollar index to 99.34, down 0.50%, coupled with renewed FII buying after recent selling pressure. The dual support from global dollar weakness and foreign inflows boosted market sentiment. Going ahead, the rupee is expected to trade within a range of 84.75 to 86.00."
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