Russia-UK tensions may revive strength in US dollar, but rupee will keep its eye on trade data as prospects of trade war still remains potent, says Anand James, Chief Market Strategist at Geojit Financial Services.
Moneycontrol News
@moneycontrolcom
The Indian rupee opened lower by 5 paise at 64.98 per dollar on Friday versus 64.93 yesterday.
Anand James, Chief Market Strategist at Geojit Financial Services said, "Rupee remained firm and 65 was defended as a third consecutive contraction in US retail sales rendered the green back weak early in the day."
"Russia-UK tensions may revive strength in US dollar, but rupee will keep its eye on trade data as prospects of trade war still remains potent," he added.
