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Last Updated : Sep 06, 2019 05:53 PM IST | Source: Reuters

Rupee rises for 3rd day, closes at 71.72 per dollar

The Indian currency has appreciated by 55 paise in the past two sessions.

Moneycontrol News @moneycontrolcom

Extending the gains into the third consecutive session, the Indian rupee closed 12 paise higher at 71.72 per dollar on September 6.

The rupee touched intraday high of 71.59 after opening flat at 71.87 per dollar.

On September 5, the rupee settled with gains of 28 paise at 71.84 against the US dollar as investor sentiment revived after China and the United States said they will resume trade talks.

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The dollar-rupee September contract on the NSE was at 72.0 in the previous session. Open interest increased 3.17% in the previous session, said ICICIdirect.

We expect the USD-INR to find resistance at higher levels. Utilise upsides in the pair to initiate short positions, it added.

Key benchmark indices Sensex and Nifty ended with gains, tracking gains in global peers amid easing US-China trade tensions.

 

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First Published on Sep 6, 2019 02:10 pm

tags #Rupee

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