INSUBCONTINENT EXCLUSIVE:
On a weekly basis, the rupee lost 50 paise.The rupee appreciated by 18 paise to close at 71.78 against the American currency on Friday,
rupee opened at 71.80 against the dollar
It fluctuated between a high of 71.68 and a low of 71.87 in day trade
retracing its losses for last two sessions
From the low of 72.25 registered on November 14, the rupee has retraced back to 71.80 levels
However, we believe that primary trend of the rupee is bearish and it is likely to find resistance around 71.50 odd levels," said V K
levels that has supported the rupee up to some extent, while the dollar Index was mostly flat amid a lull in news ahead of more US economic
index, which gauges the greenback's strength against a basket of six currencies, fell by 0.03 per cent to 98.13.Meanwhile, foreign
institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 562.05 crore on Thursday, provisional exchange
per cent, higher at 40,356.69
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