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."
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