Moneycontrol
Last Updated : Nov 19, 2018 03:32 PM IST | Source: Moneycontrol.com

Rupee trades higher at 71.65 per dollar

Utilise downsides in the pair to initiate long positions, says ICICIdirect.

Moneycontrol News @moneycontrolcom

Indian rupee recovered from the day's low and trading higher by 27 paise at 71.65 per dollar against Friday's close of 71.92.

It touched a intraday low of 72.08 after a flat opening.

The dollar-rupee November contract on the NSE was at 71.99 in the previous session. November contract open interest declined 5.66% in the previous session, said ICICIdirect.

We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, it added.
First Published on Nov 19, 2018 03:30 pm

tags #Rupee

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