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Last Updated : Dec 02, 2019 11:59 AM IST | Source: Moneycontrol.com

Rupee trades flat at 71.71 per dollar

The Indian rupee on November 29 settled 12 paise lower at 71.74 against the US dollar.

The Indian rupee is trading flat at 71.71 per dollar on December 2, with volatility seen in the domestic equity market.

It opened lower at 71.78 per dollar on Monday versus Friday's close 71.74.

The Indian rupee on November 29 settled 12 paise lower at 71.74 against the US dollar, tracking heavy selling in domestic equities and growth concerns ahead of the release of GDP data.

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Also Read - Are tough times ahead of rupee amid global headwinds, fiscal risks?

The Sensex was up 54.97 points or 0.13% at 40848.78, and the Nifty was up 6.50 points or 0.05% at 12062.50.

The British pound began the week on the back foot as polls showed a tightening U.K. election race, while an unexpected rebound in Chinese manufacturing supported risk appetite.

Oil prices rose more than 1% on Monday as signs of rising manufacturing activity in China pointed to increasing fuel demand and hints that OPEC may deepen output cuts at its meeting this week indicated supply may tighten next year.

Gold prices fell on Monday as investors turned to riskier assets on signs of economic growth following reports of an expanding Chinese factory sector and a rising dollar reduced demand.

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First Published on Dec 2, 2019 09:00 am

tags #Rupee

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