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 traded flat with minor gains of 0.03rs, closing at 85.64. With global markets returning from the holiday season, attention shifts to how FIIs will react in the Indian market, which is expected to set the tone for the rupee's trend in the fresh calendar year 2025. The last quarter of 2024 witnessed significant sell-offs by FIIs, dragging the rupee sharply lower from the 83.50 zone to its current levels near 85.65. Going ahead, the rupee's movement will hinge on FII activity, global dollar strength, and key domestic data releases. A range of 85.40–85.85 is anticipated in the near term as markets recalibrate for the new year."
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