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Rupee trades flat at 71.35 per dollar

On December 27 the rupee depreciated by 4 paise to close at a fresh three-week low of 71.35 against the US dollar.

December 30, 2019 / 02:46 PM IST

The Indian rupee has continued to trade flat at 71.35 per dollar on Monday with domestic equity market trading with marginal loss.

It opened flat at 71.35 per dollar on Monday against Friday's close of 71.35.

On December 27 the rupee depreciated by 4 paise to close at a fresh three-week low of 71.35 against the US dollar, continuing its losing streak for the sixth day in a row amid steady rise in crude oil prices.'

The Sensex was down 61.78 points or 0.15% at 41513.36, and the Nifty was down 9.80 points or 0.08% at 12236.00.

Oil prices hovered around three-month highs on Monday following a higher-than-expected crude inventory drawdown and optimism over an expected USChina trade deal, while traders kept a close eye on Middle East unrest

Close

The dollar was on the defensive on Monday in light year-end trading after suffering a setback the previous session, as hopes of a U.S.-China trade deal lifted investors’ risk appetite, sapping safe-haven demand for the greenback.

Also Read - USD/INR likely to trade with positive bias, heading towards 71.75

Gold prices inched up on Monday, holding below a near two-month peak hit in the previous session, as investors hedged against risks in thin year-end trading after US military strikes in the Middle East.
Moneycontrol News
TAGS: #Rupee
first published: Dec 30, 2019 09:00 am

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