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Below the Quote on Rupee 06th November 2026 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

"The rupee witnessed a strong recovery, gaining around 0.50% and moving above the 94.00 mark, supported by significant FII buying in the secondary markets and improving foreign fund flows. Global market sentiment has also seen some moderation in AI and semiconductor-related investments following the US election outcome, influencing broader capital movements. Going ahead, the key risk for the domestic currency remains a sharp rise in crude oil prices above $105, particularly if US-Iran tensions escalate into a wider conflict. In the absence of such geopolitical disruptions, the rupee's positive momentum could continue, with the next potential target around 93.50 in the coming sessions."

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