The rupee ended 10 paise lower at 71.81 against the US dollar on November 20, on concerns about US-China trade deal progress.
The Indian rupee opened flat at 71.83 per dollar on Thursday versus previous close 71.81.
The rupee ended 10 paise lower at 71.81 against the US dollar on November 20, on concerns about US-China trade deal progress.
Oil prices retreated on Thursday as a spat over Hong Kong added to worries of a delay in any US-China trade deal, after posting steep gains in the previous session on bullish US crude inventory data.
According to ICICI direct, the dollar-rupee November contract on the NSE was at 71.86 in the previous session. Open interest declined 1.84% in the previous session.
We expect the USD-INR to find support at lower levels. Utilize downsides in the pair to initiate long positions, it added.
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