The Indian Rupee Gained In The Opening Trade On Tuesday It Has Opened Higher By 18 Paise - Dollar Advisory Financial Services

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Tuesday 17 July 2018

The Indian Rupee Gained In The Opening Trade On Tuesday It Has Opened Higher By 18 Paise



The Indian rupee gained in the opening trade on Tuesday. It has opened higher by 18 paise at 68.39 per dollar versus 68.57 yesterday.

Rupee continued to consolidate in a broad range of 68.50 and 69.00(Spot) since the last fourteen sessions despite volatility in global crude and strength in the dollar against its major crosses, said Motilal Oswal.

In the last few sessions crude oil has been under pressure as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers. There are also reports that US could tap its Strategic Petroleum Reserve, which would add supply to the market.

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