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 Today Stock Market News: Rupee opens higher Today at 69.59 per dollar

Today Stock Market News: Rupee opens higher Today at 69.59 per dollar


Today, USD-INR pair is expected to quote in the range of 69.40 and 70.20. The Indian rupee opened higher at 69.59 per dollar Today ...

Today, USD-INR pair is expected to quote in the range of 69.40 and 70.20.

The Indian rupee opened higher at 69.59 per dollar Today on versus previous close 69.67.

Yesterday, the rupee declined by 44 paise to close at 69.67 against the US dollar Monday amid higher dollar demand from importers and rising crude oil prices.

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The rupee was weighed down against the US dollar for the 4th successive session as global crude oilprices started to rally and hit the highest level in four months. On the domestic front, FIIs flows have also slowed in the last one week thereby keeping the rupee under pressure. This week, on the domestic front, inflation and industrial production number will be released and a weaker-than-expected economic number could extend losses for the currency. Today, USD-INR pair is expected to quote in the range of 69.40 and 70.20.


 

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