2025-02-28 06:02:44 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
"Rupee traded lower by 0.28rs at 87.50, pressured by weakness in secondary markets and rising global trade tensions due to escalating tariff wars. FII outflows continued as investors preferred to hold cash rather than invest in Indian markets.
While RBI's rupee swaps provided some temporary relief, persistent outflows kept the rupee under pressure. With 87.50 being tested again, a potential move towards 88.00 cannot be ruled out, depending on global risk sentiment and dollar strength."
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
Being omnivorous or vegan makes no difference to mus...
Daily Market Commentary : The Nifty IT index jumped ...
HM Shah hails security forces? success in anti-Maois...
Delhi CM?s heat action plan: 3000 water ATMs, coolin...
Sensex jumps 855 points, Nifty ends above 24,100; ba...
Quote on Rupee by Jateen Trivedi, VP Research Analys...
Quote on Weekly Market Round up by Shrikant Chouhan,...
Under-20 National Wrestling Championship begins in Kota
Quote on Nifty by Rupak De, Senior Technical Analyst...
Quote on Market Wrap Up by Mr. Ajit Mishra - SVP, Re...
