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Last Updated : Apr 04, 2019 11:17 AM IST | Source: Moneycontrol.com

Rupee at day's low ahead of RBI policy outcome

Utilise upsides in the pair to initiate short positions, says ICICIdirect.

Moneycontrol News @moneycontrolcom
Representative Image
Representative Image

The Indian rupee slipped further and trading around day' low at 68.78, down 36 paise from Wednesday close 68.42.

It is under pressure ahead of RBI monetary policy meeting scheduled today.

The dollar-rupee April contract on the NSE was at 68.94 in the previous session. April contract open interest declined 4.95% in the previous session

We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions
First Published on Apr 4, 2019 11:12 am

tags #Rupee

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