Rupee declines 20 paise to 90.07 against dollar
pre-market1 source ↓written by the desknot a recommendation
- The rupee fell
- 20 paise
- against the US
- 90.07
- but lost ground
- 90.00
- index rose
- 99.20
- may provide support
- 10 Dec
The rupee fell 20 paise to 90.07 against the US dollar in early trade, pressured by importer demand and tariff concerns. The currency opened at 90.00 but lost ground as the dollar index rose to 99.20. Traders anticipate the upcoming US-India trade talks starting 10 Dec may provide support for the rupee.
• Previous close: 89.87
• Expected trading range: 89.70-90.20
• Focus on US Federal Reserve policy decisions.
Not investment advice. For informational purposes only.