2025-03-13 04:41:56 pm | Source: LKP Securities Ltd
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Rupee traded positive with gains of 0.25rs at 87.05, supported by dollar weakness, which has seen a decline of more than 4% in the last two weeks. The lower CPI data in India at 3.61% vs. 4.26% has fueled expectations of a rate cut in the next RBI policy, further aiding rupee strength.
With inflation on a downward trajectory, market participants anticipate a less restrictive monetary stance, which has provided a boost to rupee sentiment.
The rupee range is expected between 86.60-87.30, with global dollar movement and domestic policy expectations continuing to drive momentum."
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