Indian Rupee Advances To 3-day High Against U.S. Dollar
October 14 2016 - 1:59AM
RTTF2
The Indian rupee climbed against the U.S. dollar in afternoon
deals on Friday, as regional shares rose, tracking positive global
cues.
The benchmark S&P BSE Sensex rose 30.59 points or 0.11
percent to 27,674, while the Nifty advanced 10.10 points or 0.12
percent to 8,583.
In economic front, figures from the Ministry of Commerce &
Industry showed that India's wholesale price inflation slowed to a
three-month low in September, defying expectations for an
acceleration, as food price growth eased sharply.
The wholesale price index rose 3.57 percent year-on-year
following 3.74 percent increase in August. Economists had forecast
an inflation figure of 3.9 percent.
The rupee advanced to a 3-day high of 66.70 against the
greenback, compared to Thursday's closing value of 66.76. The next
possible resistance for the rupee is seen around the 65.00
mark.
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