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 strongly positive with a sharp gain of 0.70rs at 84.49, supported by robust FII and DII fund inflows and optimism around US-India trade deal developments. Despite the dollar index remaining firm, the rupee strengthened on expectations that India could emerge as a key alternative to China in US trade flows, boosting confidence in Indian markets.
This strategic positioning is likely to enhance capital inflows and support the rupee further in the near term.
Rupee range now shifts significantly lower to 84.00–84.90, reflecting the strength and positive outlook for the currency."
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