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Rupee ends lower at 73.85 per dollar

The dollar was steady against a basket of currencies on Tuesday as traders looked out to the first U.S. presidential debate and developments on the U.S. stimulus bill.

September 29, 2020 / 02:35 PM IST
Representative image

Representative image

Indian rupee ended lower by 4 paise at 73.82 per dollar, amid volatile trade in the domestic equity market.

It opened flat at 73.77 per dollar versus previous close of 73.78 and remained in the range of 73.76-73.91.

At 14:34 IST, the Sensex was up 173.93 points or 0.46% at 38155.56, and the Nifty was up 48.50 points or 0.43% at 11276.

Oil prices rose 1% on Monday as global equities rallied on hopes for another U.S. stimulus package, but rising virus cases fed concerns about fuel demand and kept oil futures from moving higher.

The dollar was steady against a basket of currencies on Tuesday as traders looked out to the first U.S. presidential debate and developments on the U.S. stimulus bill.

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US Commodity Futures Trading Commission's broad measure of dollar positioning showed speculators' net short position rose to $33.989 billion last week, up from $31.524 billion the week before and near its highest in almost a decade, said ICICIdirect.

The dollar-rupee October contract on the NSE was at 73.88 in the last session. The open interest in the October series increased 38.46%, while it also increased 19.15% in the next series, it added.
Moneycontrol News
first published: Sep 29, 2020 10:05 am

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