2025-02-18 05:22:35 pm | Source: LKP Securities
Going ahead, rupee weakness could extend toward 87.25, with a range expected between 86.75-87.25. Key events to watch this week include the FED meeting minutes, RBI meeting minutes, and Trump's important speech on Wednesday, all of which could bring significant volatility."
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Rupee traded slightly weak, losing 0.04Rs to 86.91, as dollar strength and rising crude prices pressured the currency. Additionally, FII outflows continued as investors shifted funds from India to China, further weighing on the rupee.
Going ahead, rupee weakness could extend toward 87.25, with a range expected between 86.75-87.25. Key events to watch this week include the FED meeting minutes, RBI meeting minutes, and Trump's important speech on Wednesday, all of which could bring significant volatility."
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
Latest News
Rooted in Balance: A Day in the Life of an Ayurvedic...
Toe-tally Trendy: The Rise of Toe Rings in Modern Fa...
Hockey India names core probable group for senior me...
Five more Indians progress to semis at Asian U-15 & ...
Vardhaan Puri: Acting is like therapy
Kajol to Samantha: Celebs shower birthday wishes on ...
FUJIFILM India Partners with Spectra Logic to Delive...
NSE IT Index Surges 4.3% ? What's Next for Tech Stoc...
Mid-sized GCCs to set up 120 centres, create 40,000 ...
Nifty Wrap : The index opened on a muted note, and t...
