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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 showed strength, gaining 0.08 rupees to trade at 84.39, supported by a weakening dollar that failed to break above 107 and retreated to 106.45. This minor support for the rupee was further aided by a reduction in FII selling activity in recent days, with expectations that sell-off pressure will remain limited due to the upcoming state elections in Maharashtra. The rupee is expected to find support in the 84.45-84.52 range, while resistance is projected around 84.25-84.30."
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Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
