Quote on Rupee 23rd February 2026 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Rupee 23rd February 2026 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Rupee traded marginally positive near 90.86, gaining around 0.07, after the US court decision to block Trump’s broader reciprocal tariff framework. With the administration retaining a 15% blanket tariff, India effectively gains a relative 3% advantage compared to the earlier 18% deal framework, which could now come up for renegotiation.
This development improves near-term sentiment for the rupee as trade uncertainty eases slightly and capital flow expectations remain stable. Immediate resistance is placed near 90.65, while support is seen around 91.20, and further movement will depend on follow-up trade clarity and dollar index direction."
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