Dollar Advisory Morning Update : Sensex, Nifty See A Red Start To Truncated Week

The Indian rupee opened at a fresh record low of 72.18 per dollar on Monday, down 45 paise from previous close 71.73.  On Friday, rupee consolidated in a narrow range and appreciated marginally against the US dollar, ahead of the important non-farm payrolls number that showed the US economy added 201,000 jobs in August, said Motilal Oswal.
On the other hand, unemployment rate fell to 3.9% in August compared to 3.8% in the previous month. The dollar rose against its major crosses following robust jobs number that strengthened prospects that the Federal Reserve would consider raising twice rate this year. For more information Visit : www.dollaradvisory.com and Call : ✆ +91 9111179961