The Indian rupee for the day opened flat at 71.10 but then on some of the positives receded higher by 13 paise to 70.92 vs the US dollar.
Rupee Rises Marginally On Trade Deficit Improvement
Some of the positives influencing rupee's movement in Wednesday's trade include weak dollar, strong equities market in the domestic markets, better trade deficit numbers with imports getting lower and exports also marginally inching higher.
In today's trade, rupee made a day low of 71.12 and a high of 70.92. In Tuesday's session, rupee closed at 71.05 against the US dollar.
The selling of the US dollar by exporters capped further losses in the domestic currency. Also, crude oil price easing and fund flow is also influencing rupee's trajectory which has still breached the 70 mark.
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