On July 23 the Indian rupee erased most of its losses and closed marginally lower at 68.94 against the US dollar.
Indian rupee is trading lower by 6 paise at 69 per dollar against previous close 68.94.
On July 23 the Indian rupee erased most of its losses and closed marginally lower at 68.94 against the US dollar amid strengthening of the greenback against major currencies and sustained foreign fund outflows.The dollar-rupee July contract on the NSE was at 68.98 in the previous session. Open interest declined 10.18% in the previous session. We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, said ICICIdirect.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.