10-12-2024 04:54 PM | Source: LKP Securities Ltd
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 weakened further, slipping below 84.85, down by more than 0.12rs, as sustained FII selling and escalating geopolitical tensions continued to weigh on sentiment. The end of Shaktikanta Das's term as RBI Governor and the appointment of Sanjay Malhotra introduces unfolded packages into India's financial landscape. Market participants remain cautious as this leadership change could bring shifts in monetary policy and financial market dynamics. The rupee's visible weakness places its range between 84.65-85.20, with global and domestic factors keeping pressure on the currency."
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