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Rupee jumps sharply this week against US dollar

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₹1,050.61 crore on Thursday, according to provisional exchange data."The rupee has been trading range bound in the last couple sessions.

There are no fresh triggers in the market. There is growing concern regarding second wave of the coronavirus as cases are rising across the world.

However FIIs inflows may provide respite to the rupee. Overall, market will focus on coronavirus related development whether second wave emerges or not and India and China border tension.

Broadly the rupee may continue to trade in 75.00 and 76.50 levels in the near term," said Rushabh Maru, research analyst at Anand Rathi Shares and Stock Brokers. (With Agency Inputs)Click here to read the Mint ePaperLivemint.com is now on Telegram.

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