2024-12-17 05:55:03 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 traded flat near 84.90 as markets remain focused on the FED's final policy decision of the year scheduled for December 18, 2024. While a 0.25bps rate cut has already been factored in, forward commentary and projections will be key. A dovish tone could push the dollar index lower, providing relief for the rupee. However, any uncertain or hawkish remarks may strengthen the dollar and keep participants bearish on the rupee. The rupee's range is anticipated between 84.75 and 85.05."
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
Renault Group to buy Nissan`s 51 pc stake in India J...
Biotechnology remains a priority sector in India, sa...
Gold Hits Record $3,125: Soaring 19% in Q1 Amid Tari...
India remains strong growth pillar for Nissan as fir...
World Backup Day: India`s DPDP Act to enable Indian ...
New tariff policy for pipelines on anvil to reduce c...
India committed to sustainable energy through nuclea...
Indian specialty chemicals sector`s 7?8 pc revenue g...
Fundamental Stock Pick: CSM Info Systems Ltd by Nirm...
Stock short selling at over $1.16 bn on 1st day of r...
