Rupee opens 7 paise lower at 69.49 against US dollar

The domestic unit declined by 25 paise to close at 69.42 on Monday as forex traders turned cautious in a holiday-truncated week.

Market News:The rupee opened 7 paise lower at 69.49 against the US dollar on Tuesday in the midst of repressed Asian values and fall in raw petroleum costs.
The local unit declined by 25 paise to close at 69.42 on Monday as forex brokers turned wary in a vacation truncated week.
Rupee combined in a thin range yet went under weight in the second 50% of the session on Monday after IMD discharged first long-run figure for the South-west rainstorm rains yesterday, says Gaurang Somaiya, Research Analyst (Currency) at Motilal Oswal Financial Services (MOFSL) in its every day cash report.
The precipitation in the four-month season from June to September is probably going to be 96 percent of the 50-year normal.Read More

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