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Last Updated : Sep 09, 2019 09:14 AM IST | Source: Moneycontrol.com

Rupee opens flat at 71.70 per dollar

The Indian currency has appreciated by 67 paise in the last three trading sessions.

Moneycontrol News @moneycontrolcom
Representative image
Representative image

Indian rupee opened flat at 71.70 on Monday against Friday's close of 71.72 per dollar.

The Indian rupee continued its winning momentum for a third session in a row on September 6, rising 12 paise to settle at 71.72 against the US dollar as signs of easing trade tensions between the US and China enthused investors. On a weekly basis, the domestic currency, however, lost 30 paise to the US dollar.

The Indian currency has appreciated by 67 paise in the last three trading sessions.

Close

The dollar-rupee September contract on the NSE was at 71.84 in the previous session. Open interest declined 0.27% 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 position, it added.

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First Published on Sep 9, 2019 09:06 am

tags #Rupee

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