2025-01-27 06:04:49 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
"The rupee witnessed weakness, depreciating by 0.07 paise to settle at 86.28 against the dollar, driven by continued selling in Indian capital markets as FII outflows persisted. The selling pressure is partly fueled by global trade uncertainties, with the U.S. making unfavorable or adjustable tariff changes, potentially altering money flow patterns.
The dollar index remains volatile, adding pressure on the rupee. Market participants are now eagerly awaiting the upcoming budget, with high expectations for a growth-oriented framework to attract foreign investments and stabilize the rupee. Until the budget announcement, the rupee is likely to trade within the range of 86.00–86.45, as broader market sentiment and global cues will dictate its movement."
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Area under oil, gas exploration in India has jumped ...
MSMEs hold the key towards becoming a Viksit Bharat
Indian economy poised to remain fastest-growing one ...
India-Chile economic pact to boost global value chains
Trump to double steel tariffs to 50 pc from next week
Centre directs IndiGo to end aircraft lease pact wit...
CM Naidu eyes 15 per cent economic growth for Andhra...
Strong GDP growth reinforces India`s position as fas...
Centre okays additional Rs 81,735 crore as tax devol...
Manohar Lal seeks ADB support for model projects to ...
