Rupee Opens Flat Against US Dollar

Rupee rises 6 paise to 85.44 against US dollar in early trade

Mumbai: The rupee appreciated 6 paise to 85.44 against the US dollar in early trade on Monday, supported by weakness of the American currency and easing crude oil prices amid rise in investor risk sentiments. Forex traders said the US dollar index weakened in the overseas market and was trading at 97 level, while Brent oil declined to USD 67 a barrel on prospects of more OPEC+ supply in August and easing risks in the Middle East. Moreover, the c…

Rupee Opens Flat Against US Dollar

The Indian Rupee opened 1 paise stronger against the US Dollar at Rs 85.47 on Monday, following its close at Rs 85.48 a dollar on Friday. The currency is expected to trade within the range of Rs 85.25 to Rs 85.75 throughout the day, said Anil Kumar Bhansali, head of treasury and executive director at Finrex Treasury Advisors LLP.Exporters should sit tight while importers may start hedging for the near term, he advised. "The dollar wallowed near …