It has opened higher by 21 paise at 69.45 per dollar on Thursday versus previous close 69.66.
The Indian rupee is trading higher by 10 paise at 69.56 per dollar versus previous close 69.66.
Rupee consolidated in a range ahead of general election results that will be declared today; the expectation is that the current ruling government could win with a big majority and that could be supportive for the rupee. As the counting began this morning we expect volatility for the currency to remain high during the course of the day. Rupee is expected to witness wild swing as and when the numbers are released. Today, the rupee is expected to open higher against the dollar as early numbers suggest the result could be in favor of the NDA. The USD-INR pair is expected to quote in the range of 69.20 and 70.20.
Get Lok Sabha 2019 Live Election Results, constituency-wise tally, news, views, and analysis
Follow our Lok Sabha Election Result Live Blog here.
Rupee consolidated in a range ahead of general election results that will be declared today; the expectation is that the current ruling government could win with a big majority and that could be supportive for the rupee. As the counting began this morning we expect volatility for the currency to remain high during the course of the day. Rupee is expected to witness wild swing as and when the numbers are released. Today, the rupee is expected to open higher against the dollar as early numbers suggest the result could be in favor of the NDA. The USD-INR pair is expected to quote in the range of 69.20 and 70.20.
Get Lok Sabha 2019 Live Election Results, constituency-wise tally, news, views, and analysis
Follow our Lok Sabha Election Result Live Blog here.
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