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Rupee Opens Higher At 71.22 Per US Dollar On Lower Crude Oil Price
The Indian rupee opened somewhat higher in Tuesday's session at 71.22 per US dollar backed by lower crude oil prices.
On Monday, rupee came was under pressure during the early hours but later during the day, recovered most of its losses. On Tuesday, the domestic currency closed at 71.28.
In trade on Monday, gains in rupee came on the rumours that government may not be providing farm loan waiver. And if it all it is a possibility, the tide has turned in the favour of the rupee.
Today, USD-INR pair is expected to quote in the range of 70.70 and 71.50, it added.
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