Rupee extends gain, trades higher at 71.79 per dollar

Yesterday the rupee climbed to 2-month high on the back of low crude oil prices and strong foreign fund inflows.

Indian rupee is trading higher by 19 paise at 71.79 per dollar versus previous close 71.98.

It has opened flat at 71.99 per dollar.

Yesterday the rupee climbed to 2-month high on the back of low crude oil prices and strong foreign fund inflows.

 Share Market Tips

The dollar-rupee November contract on the NSE was at 72.05 in the previous session. November contract open interest declined 4.94% in the previous session, said ICICIdirect.

We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added.

Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions.

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