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Find all the economic and financial information on our Orishas Direct application to download on Play StoreDue to optimistic risks and inflation data in the United States, the rupee is expected to open slightly higher on Monday. The currency is boosted by the positive risk climate following the monthly US employment report
.The rupee will open at around 81.75 for the US dollar, up from 81.80 in the previous session based on non-deliverable futures. After the jobs report allayed concerns about the economic outlook somewhat, Asian stocks followed their American counterparts. According to the cash trader, “for the rupee this week, it is hard to see how it can rise above 81.65-81.95 (last week's range
).”
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