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."
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