Moneycontrol
Last Updated : Nov 16, 2018 05:04 PM IST | Source: Moneycontrol.com

Rupee ends marginally higher at 71.92 per dollar

Yesterday the rupee climbed to 2-month high on the back of low crude oil prices and strong foreign fund inflows.

Moneycontrol News @moneycontrolcom

Indian rupee erased most of its intraday gain and ended marginally higher at 71.92 per dollar on Friday. During the day, the rupee rose to a level of 71.71.

It has opened flat at 71.99 per dollar versus previous close 71.98.

Yesterday the rupee climbed to 2-month high on the back of low crude oil prices and strong foreign fund inflows.

The dollar-rupee November contract on the NSE was at 72.05 in the previous session. November contract open interest declined 4.94% in the previous session, said ICICIdirect.

We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added.
First Published on Nov 16, 2018 05:01 pm

tags #Rupee

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