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Rupee opens lower at 70.99 per dollar

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Rupee extends losses, trades at day's low
On January 16, the rupee fell 11 paise to end at 70.93 against the US dollar.
January 17, 2020 / 02:44 PM IST
The Indian rupee extended the losses and trading at day's low level at 71.07 per dollar, with domestic equity market seen consolidation in today's trading.
It opened lower by 6 paise at 70.99 per dollar on Friday against previous close 70.93.
On January 16, the rupee fell 11 paise to end at 70.93 against the US dollar due to strengthening crude oil prices and dollar demand from importers.
The Sensex was up 1.68 points or 0.00% at 41934.24, and the Nifty was down 10.10 points or 0.08% at 12345.40.
Oil prices were steady on Friday as investors braced for data expected to show China's economic growth last year slid to its slowest pace in 29 years, holding on to gains for now after Washington and Beijing inked a long-awaited trade deal.

Rupee trades near day's low

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Indian rupee at day's low
On January 2 the rupee fell 16 paise to end at 71.38 against the US dollar on the back of steady rise in crude oil prices and stronger dollar.
January 03, 2020 / 03:15 PM IST
The Indian rupee trading near the day's low level at 71.76 per dollar, down 39 paise, with selling seen in the domestic equity market.
It opened lower by 12 paise at 71.49 per dollar versus previous close of 71.37.
On January 2 the rupee fell 16 paise to end at 71.38 against the US dollar on the back of steady rise in crude oil prices and stronger dollar.
The Sensex was down 160.48 points or 0.39% at 41466.16, and the Nifty was down 55.50 points or 0.45% at 12226.70.

Rupee opens flat at 71.02 per dollar

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We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, says ICICIdirect.

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