18-11-2024 05:15 PM | Source: LKP securities Ltd
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

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."

 

Above views are of the author and not of the website kindly read disclaimer