Moneycontrol
Last Updated : Dec 13, 2018 12:35 PM IST | Source: Moneycontrol.com

Rupee at day's high; trades around 71.50/$

Utilise upsides in the pair to initiate short positions, says ICICIdirect.

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Indian rupee is trading at day's higher level at around 71.50 per dollar on Thursday.

Rupee has extended its morning gain on ease of global trade tension and a possible rate cut by RBI in the upcoming policy after CPI Inflation eased to 2.33 percent and core CPI Inflation was at 5.73 percent in November 18.

The dollar-rupee December contract on the NSE was at 72.11 in the previous session. December contract open interest increased 4.31% in the previous session, said ICICIdirect.

We expect the USD-INR to meet resistance at higher levels. Utilise upsides in the pair to initiate short positions, it added.
First Published on Dec 13, 2018 12:30 pm

tags #Rupee

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