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

2025-05-22 04:16:38 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 very weak, depreciating by 42 paise to close at 85.92 against the US dollar, as FII activity remained mixed with both inflows and outflows observed over the past few days. The weakness reflects uncertainty amid global concerns like the US debt situation, while domestic economic strength is expected to limit further downside. Market participants remain cautious, and the rupee is likely to trade in a broader range of 85.45 to 86.35 in the near term."

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

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