Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
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Below the Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"The rupee stayed flat near 84.07, with the dollar slightly higher at 104.20$. Crude prices dropped sharply by 6%, settling around 67.40$, providing some monetary relief amidst persistent FII selling in Indian equities. This decline in crude has helped ease pressure on the rupee despite ongoing market challenges. Key support for the rupee is near 84.15, while major resistance is observed around 83.90."
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