Rupee trades 61 paise lower at 71.41 per dollar

Indian rupee is trading lower by 61 paise at 71.41 per dollar against previous close 70.80.

The dollar-rupee December contract on the NSE was at 70.90 in the previous session. December contract open interest increased 0.42% in the previous session, said ICICIdirect.

We expect the USD-INR to find supports at lower levels. Utilise down sides in the pair to initiate long positions, it added.

Source:https://www.moneycontrol.com/news/business/markets/rupee-trades-52-paise-lower-at-71-32-per-dollar-3269761.html

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