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Rupee opens marginally higher at 73 19 per dollar
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Rupee trades flat at 73 25 per dollar
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Rupee erases early gains, trades lower at 72.76 per dollar Moneycontrol 2 hours ago © Nikhil Walavalkar Rupee erases early gains, trades lower at 72.76 per dollar
Indian rupee has erased early gains and trading lower at 72.76 per dollar, amid volatile trade seen in the domestic equity market.
It opened higher at 72.53 per dollar against previous close of 72.62.
The Sensex was down 50.53 points or 0.10% at 51,886.91, and the Nifty was down 30.60 points or 0.20% at 15,552.20. Rupee traded weak on the back of dollar strength picking up from lower levels of $89.80 to $90.10 giving some reversal formation for the dollar index. Crude prices inching close to $70 also weakens the rupee with economies opening up globally pick up in crude prices will not help the rupee on the global front, but capital market positive tone shall keep the fall in rupee at check, said Jateen Trivedi, Senior Research Analyst at LKP Securities.
Rupee opens marginally lower at 72.86 per dollar © Nikhil Walavalkar Rupee opens marginally lower at 72.86 per dollar
Indian rupee opened marginally lower at 72.86 per dollar on Monday against Friday s close of 72.83, amid volatile trade seen in the domestic equity market.
On May 21, rupee ended at 72.83 per dollar against previous close of 73.10.
The Sensex was down 48.09 points or 0.10% at 50492.39, and the Nifty was down 25 points or 0.16% at 15150.30. Overall the sentiments are quite risk-on amid economic revival and reopening of the Western countries. Also, in India the improving trend of moderation in daily new Covid cases is boosting risk sentiments, said Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services.
Rupee trades lower at 72 91 per dollar
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