The Indian rupee recovered from the lows and trading flat at 71.19 per dollar, with domestic equity market trading with marginal gains.
It opened lower by 9 paise at 71.29 per dollar on Monday versus Friday’s close 71.20.
On December 6, the Indian rupee added 9 paise to close at 71.20 against the US dollar.
The dollar-rupee December contract on the NSE was at 71.37 in the previous session. Open interest increased 0.99% in the previous session. We expect the USD-INR to find supports at lower levels levels. Utilise downsides in the pair to initiate long positions, said ICICIdirect.
The Sensex was up 68.19 points or 0.17% at 40513.34, and the Nifty was up 24.60 points or 0.21% at 11946.10.
Gold prices crept higher on Monday after Washington reiterated its stance on a deadline for a new round of US tariffs on Chinese goods this weekend, supporting demand for safe havens.
Oil prices fell on Monday after data showing China’s overall exports of goods and services shrank for a fourth straight month, sending shivers through a market already concerned about damage being down to global demand by the Sino-US trade war.
The dollar held firm after data showed surprise strength in the US jobs market, but the currency was restrained from moving higher by worries about an escalation in the US-China trade war.Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India’s leading expert on wealth building, has created a strategy which makes it possible… in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here.
- Trade talks resume; Tesla in Shanghai; Apple's Samsung TV deal
- Grant Samuel: Trump Will Fail in Pushing Down Dollar
- Energy, industrial stocks push indexes lower in early trade
- Ex-Goldman director Rajat Gupta says he's innocent seven years after insider trading conviction
- India rupee RALLIES against US dollar to best level in more than SEVEN MONTHS
- India rupee SURGES against US dollar – from worst to BEST performing currency in Asia
- Asian shares waver as China, US begin trade negotiations
- In U.S.-India Trade, Trump Sees Only Harley-Davidson
- Glitch interrupts trading; Mylan disappoints; Ocado's tech focus
- Asian shares mostly higher as China-US trade talks drag on