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

2024-08-28 05:19:40 pm | Source: LKP securities Ltd

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

News By Tags | #Rupee #ExpertViews #CurrencyTips #LKPSecuritiesLtd #JateenTrivedi

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

"The rupee weakened by 0.04 rupees, closing at 83.96, despite a drop in WTI crude prices from $77 to $74.60. The dollar's rise from $100.40 to $100.80 added pressure on the rupee. Market expectations have already factored in a 0.25 bps rate cut by the Fed, suggesting further rupee support may require signals of a more aggressive cut. With limited positive catalysts, the rupee is expected to trade in a range between 83.75 and 84.10, as market focus remains on the Fed’s upcoming decisions."

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

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

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

Top News

Tag News

More News