Business Standard

Rupee opens 30 paise higher at 70.05 against US dollar

Today, USD/INR pair is expected to quote in the range of 70.05 and 70.80, says Gaurang Somaiya, Research Analyst(Currency) at Motilal Oswal Financial Services.

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The rupee opened at 71.12 a dollar, and closed at a near three-month high of 70.69

SI Reporter New Delhi
The rupee rebounded by 30 paise to open at 70.05 against the US dollar on Friday. In the previous session, the domestic unit tumbled by 29 paise to 70.35 amid strengthening of the greenback even as crude oil prices eased.

Rupee came under pressure Thursday but in the last few sessions it has been consolidating in a range of 69.70 and 70.30(Spot) despite volatility seen in global equities and as well as in global crude oil prices. US equities have been in focus primarily following a partial US government shutdown with lawmakers split over President Donald Trump’s demand for $5

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First Published: Dec 28 2018 | 9:12 AM IST

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