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

2025-12-03 05:08:51 pm | Source: LKP Securities Ltd

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 fell below 90 A NEW LIFE TIME LOW with drop of 0.17rs at 90.09 with lows tested of 90.28, largely driven by the absence of clarity on the India–US trade deal, coupled with record-high bullion and metal prices that have worsened the import bill. Higher U.S. tariffs and limited RBI intervention have added to the pressure. With the RBI policy due Friday, markets will look for cues on whether the fall will stabilize; technically, the rupee remains oversold and needs to reclaim 89.80 to recover meaningfully."

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

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