Rupiah: The rupee opens 17 points to 73.30 against a dollar

The rupee opened Monday up 17 pesetas, 73.30 against a dollar, because of some sales in US currency made by banks and exporters.

The local currency lost 20 points to close at 73.47 against the US dollar on Friday against a backdrop of sustained capital outflows.

At the same time, national stock markets have opened up in green, in line with global signals. The Senbad ESB rose 170 points, or 0.51%, to 33,519 early in the session, while the NSE Nifty Index gained 37.75 points, or 0.38%, to 10,067 points.

"Today, the USDINR should be between 73.30 and 73.90-74.05," Motilal Oswal Financial Services said in a report.

According to ICICIdirect.com, a sharp rise in the rupee could be limited due to the recovery in oil prices.

The rupee advanced for the third consecutive week ended Oct. 26, as a result of a drop in world crude oil prices and RBI's continued intervention to reduce currency volatility. The latest data released by the RBI showed that foreign exchange reserves fell another $ 1 billion to $ 394.46 billion from $ 395.50 billion last week.

This week, on the national front, no major economic data should be published but volatility could increase following comments by US President Donald Trump on the front of the trade war or before the important policy statement. Bank of England.