12,134.40-35.45
Stock Analysis, IPO, Mutual Funds, Bonds & More

Rupee opens 23 paise up at 70.83 against dollar

“Today, USDINR pair is expected to quote in the range of 70.70 and 71.30.”

ETMarkets.com|
Oct 11, 2019, 09.20 AM IST
0Comments
getty-rupee
The rupee on Friday opened 23 paise higher at 70.83 against dollar following some selling in American currency by banks and exporters.

The local currency on Thursday settled almost flat at 71.07 against the US dollar as the anxiety over US-China trade talks kept investors on edge.

Yesterday, trade talks between US and Chinese officials resumed and expressed optimism over the ongoing trade war between the major two economies. There are reports suggesting that negotiators could be agreeing on issues such as currencies and copyright protections. This could very well lead to delay in US tariff hike scheduled for next week.

“Today, USDINR pair is expected to quote in the range of 70.70 and 71.30,” Motilal Oswal Financial Services said in a report.

Also Read

IT stocks gain on weak rupee

Battered rupee to extend losing streak this year: Poll

Rupee strengthens 8 paise in early trade

What checked Rupee's loss amid global tensions

Gold prices fall Rs 420 on stronger rupee

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service