Profitable Commodity Tips: Rupee Against Dollar Today 5 Paise To Open At Rs 71.85

On the opening day Report Of Profitable Commodity Tips Expert of the week, there was a slight amplify in the rupee in early trading. The rupee appreciated by 5 paise to 71.85 against the dollar from the dollar's selling of the banks and exporters. On Friday, the local currency closed downwards by 22 paise to 71.90 against the dollar.

According to Rudra Investment Financial Services, in today's business, the rupee is expected to do business in the range of 71.80- 71.95. The brokerage firm says that the dollar index reached the height of one and a half years due to the fall in Brent crude prices.

Since June last year, the dollar index has reached its maximum level. Increasing the retail sales figures in the US has helped the dollar. In November, retail sales in the US increased by 0.9 percent, which is much upper than 0.7 percent a month ago. It is more than the market projections. The market estimate was 0.4 percent.

Meanwhile, according to Profitable Commodity Tips data released on Friday, India's trade deficit has come down to $ 16.7 billion in November. This was $ 17.1 last month (October). The difference between imports and exports was $ 15.10 billion in the similar period last year.