On Thursday Report By Free Commodity Tips Expert,
the rupee was 6 paise stronger at 71.05 against the dollar. The rupee closed at
71.11 levels, up 23 paise against the dollar on Wednesday. Earlier, there was weak
spot in the four seasons continuously.
On Wednesday, the rupee was
trading in the second session of the business due to the rise in domestic stock
markets. In the first few sessions, weak point in rupee was seen as foreign
institutional investors (FIIs) had sold off from the domestic share markets.
However, pressure on the rupee is
likely to continue in the coming days due to strong global crude oil prices,
strong dollar and domestic trade deficit.
Rudra Investment Expert Said That
"There is no hope of releasing some big financial figures on the domestic
front today, but strong dollar can see rupee weakness. Today the dollar and
rupee exchange rate is expected to be within the range of 70.70 and 71.50.
"
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