Home / Finance / Analysis / Rupee opens 12 paise lower at 68.53 against the US dollar

Rupee opens 12 paise lower at 68.53 against the US dollar

The domestic currency surged by 33 paise to close at 68.41 amid the greenback's weakness against key rivals overseas, even as oil prices firmed up on supply concerns.

Rupee settles below 70 after three months, crude oil slides further

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2 min read Last Updated : Apr 04 2019 | 9:15 AM IST

The rupee opened 12 paise lower at 68.53 against the US dollar on Thursday. The domestic currency surged by 33 paise to close at 68.41 amid the greenback's weakness against key rivals overseas, even as oil prices firmed up on supply concerns.

It was the third straight session of gain for the domestic currency, during which it has strengthened by 89 paise.

Nirmal Bang Securities in its daily currency report says, "On the daily chart, the USD/INR pair has marked a bearish candle indicating weakness in the pair. The pair is facing resistance at its 20-day SMA at 69.48. If

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