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Last Updated : Jul 05, 2019 09:35 AM IST | Source: Moneycontrol.com

Rupee opens lower at 68.55 a dollar, down 6 paise

The currency fell 6 paise compared to Thursday's close of 68.49 a dollar.

Moneycontrol News @moneycontrolcom

The Indian rupee has opened lower at 68.55 against the US dollar on July 5 as traders turned cautious ahead of Union Budget 2019 to be presented by Finance Minister Nirmala Sitharaman later today.

The currency fell 6 paise compared to Thursday's close of 68.49 a dollar.

The dollar-rupee July contract on the NSE was at 68.70 in the previous session. July contract open interest increased 0.92% in the previous session.

"We expect the US$INR to find resistance at higher levels. Utilise the upsides in the pair to initiate short positions," ICICI Direct said.

Catch Budget 2019 LIVE updates here. Click here for full Budget 2019 coverage
First Published on Jul 5, 2019 09:35 am

tags #Rupee

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