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

2025-04-04 03:30:08 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

"Rupee traded positive with gains of 0.16rs at 85.20, supported by weakness in crude prices, which helped the rupee maintain strength. However, the dollar index's positive rally capped further appreciation in the rupee.

With Non-Farm Payroll (NFP) data & Unemployment data scheduled for release in the evening, markets are expected to remain cautious, and the rupee may react sharply depending on the outcome. Additionally, FII's turning sellers again amid tariff escalations is keeping the sentiment uncertain.

Rupee is expected to trade in a volatile range between 85.00-85.45, with global cues and fund flows playing a pivotal role."

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

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