Rupee opens flat at 71.24 per dollar
The Indian rupee opened at Rs per dollar on Tuesday against previous close 71.23.
The rupee declined by 21 paise to close at a three-week low of 71.23 against the US currency on Monday as investors rushed to safe haven bets on fading hopes of an initial trade deal between the US and China, said PTI.
According to ICICIdirect, the dollar-rupee October contract on the NSE was at 71.29 in the previous session. Open interest increased 1.02% in the previous session.
We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, it addedThe Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .