Live
- Udupi MP’s queries, More key highways on high-priority
- Investing in Skills: Education Loans Paving the Way for Career Success
- Ghaggar river’s two stretches identified as polluted: Govt
- ICC chief Jay Shah meets Brisbane 2032 Olympics organising committee CEO
- Oxford Grammar High School Celebrates 44th Annual Sports Day with Grandeur
- Indian banking sector’s health remains robust, govt policy working very well: Top bankers
- iOS 18.2 Unveiled: New Features with ChatGPT Integration Revolutionize Your iPhone
- 'Run for Viksit Rajasthan' to be annual event, says CM Sharma
- Nitish Kumar launches '109 free medicine vehicles' in Patna
- India have to play their best cricket at the Gabba to win series: Harbhajan
Rupee opens higher at 72.87 per dollar
Rupee opens higher at 72.87 per dollar
Indian rupee opened higher at 72.87 per dollar on Monday against Friday's close of 72.92, amid buying seen in the domestic equity market.
Indian rupee opened higher at 72.87 per dollar on Monday against Friday's close of 72.92, amid buying seen in the domestic equity market.
The USDINR pair is likely to consolidate near 73 levels for a few sessions. However, upsides could be limited due to a sell-off in the Dollar index last Friday, said ICICI direct.
The dollar-rupee February contract on the NSE was at Rs 73.07 in the last session. The open interest increased almost 2% for February series, it added.
The dollar nursed losses against most currencies on Monday as disappointing U.S. jobs data caused some investors to scale back bets on a rebound in the greenback.
"USDINR is in the same range of 72.80 to 73.00 with no triggers except inflows and RBI buying dollars aggressively . For the day sell above 72.95 and buy below 72.80 could be the only trades. Have to wait and watch which side is triggered first," said Anil Kumar Bhansali, Head- Treasury, Finrex Treasury Advisors.
