After seeing a strong end on Monday, benchmarks are seen opening higher in the pre-opening trends.
Rupee opens: The Indian rupee opened lower by 10 paise at 68.96 per dollar on Tuesday versus 68.86 yesterday.
Rupee gained in yesterday’s session primarily on the back of weakness in the dollar against its major crosses after comments from US President wherein he raised concerns over a stronger dollar and the Federal Reserve’s interest rate increases, said Motilal Oswal.
On the domestic front, no major economic data is expected to be released but movement in the dollar against its major crosses will continue to influence the rupee. Today, USD-INR pair is expected to quote in the range of 68.80 and 69.10, it added.
Market at Pre-open: Pre-opening rates indicate a strong start to the market, with the Nifty hitting 11,100.
At 09:01 hrs IST, the Sensex is up 224.91 points or 0.61% at 36943.51, and the Nifty up 36.80 points or 0.33% at 11121.60.
The market on Monday had closed on a higher note, with the 50-share index ending above 11,080 as well.
Rupee opens: The Indian rupee opened lower by 10 paise at 68.96 per dollar on Tuesday versus 68.86 yesterday.
Rupee gained in yesterday’s session primarily on the back of weakness in the dollar against its major crosses after comments from US President wherein he raised concerns over a stronger dollar and the Federal Reserve’s interest rate increases, said Motilal Oswal.
On the domestic front, no major economic data is expected to be released but movement in the dollar against its major crosses will continue to influence the rupee. Today, USD-INR pair is expected to quote in the range of 68.80 and 69.10, it added.
Market at Pre-open: Pre-opening rates indicate a strong start to the market, with the Nifty hitting 11,100.
At 09:01 hrs IST, the Sensex is up 224.91 points or 0.61% at 36943.51, and the Nifty up 36.80 points or 0.33% at 11121.60.
The market on Monday had closed on a higher note, with the 50-share index ending above 11,080 as well.
