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."
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