Rupee continues uptrend-7-Sep-2016

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Following yesterday’s stellar performance in the past five trading sessions, the spot rupee kick-started the day higher by 18 paise at 66.34, due to heavy selling in US dollar.

Yesterday, the domestic currency closed at a four-month high, with a gain of 19 paise at 66.52.

Right now, the spot rupee is up 15 paise at 66.37 as against the US dollar.

Meanwhile, September rupee futures are quoted at 66.58 – up 15 paise per dollar.

The counter has seen trades of around 3,12,782 contracts, while the open interest has increased over a percent on the NSE.

Compared to the European-currency, the Indian rupee, however, has shed 37 paise at 74.67.

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