Rupee extends gains, trades at 70.25 per dollar

May 15
11:09 2019

The Indian rupee has extended its morning gains against the US dollar. It is trading higher by 19 paise at 70.25 per dollar versus previous close 70.44.

The dollar-rupee May contract on the NSE was at 70.59 in the previous session. May contract open interest declined 5.04% in the previous session, said ICICIdirect.

We expect the USDINR to find supports at lower levels. Utilise the downsides in the pair to initiate long positions, it added.

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