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 in a range near 83.96, up by 0.0350rs, with minimal support from the dollar but bolstered by positive momentum in Indian markets. Gains were primarily driven by favorable state election results in Haryana, which strengthened the current government's position. However, risks remain, as an escalation in Middle East tensions could push crude prices above 80$, negatively impacting the rupee. The rupee is expected to trade within a range of 83.65 to 83.25 in the near term."
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