04-11-2024 04:39 PM | Source: LKP Securities Ltd
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

Below the Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

 

"The rupee weakened by 0.04, trading at 84.10, as the dollar index strengthened and FII selling intensified at the start of November, ahead of the US election. FIIs appear to be reducing their exposure to Indian markets, awaiting the outcome of the election, which has led to index-level corrections. The rupee is expected to remain volatile, with the US election results due on the evening of November 6, adding potential market uncertainty. Resistance is near 83.95-83.90 with support located in 84.15-84.20 range."

 

Above views are of the author and not of the website kindly read disclaimer