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Last Updated : Nov 21, 2019 02:06 PM IST | Source: Moneycontrol.com

Rupee trades marginally higher at 71.78 per dollar

The rupee ended 10 paise lower at 71.81 against the US dollar on November 20, on concerns about US-China trade deal progress.

The Indian rupee is trading marginally higher at 71.78 per dollar, with domestic equity market remain flat.

It opened flat at 71.83 per dollar versus previous close 71.81.

The rupee ended 10 paise lower at 71.81 against the US dollar on November 20, on concerns about US-China trade deal progress.

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Oil prices retreated on Thursday as a spat over Hong Kong added to worries of a delay in any US-China trade deal, after posting steep gains in the previous session on bullish US crude inventory data.

The Sensex was up 31.37 points at 40683.01, and the Nifty was up 2.30 points at 12001.40.

According to ICICIdirect, the dollar-rupee November contract on the NSE was at 71.86 in the previous session. Open interest declined 1.84% in the previous session.

We expect the USD-INR to find support at lower levels. Utilise downsides in the pair to initiate long positions, it added.

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First Published on Nov 21, 2019 09:00 am

tags #Rupee

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