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Indian Rupee Advances To 4-day High Vs U.S. Dollar As Govt Notifies FDI

Date : 09/21/2012 @ 1:42AM
Source : RTTF2
Stock : United States Dollar (B) VS Indian Rupee Spot (USD/Inr) (USDINR)
Quote : 61.28  0.119 (0.19%) @ 9:12AM
United States Dollar vs Indian R share price Chart

Indian Rupee Advances To 4-day High Vs U.S. Dollar As Govt Notifies FDI

United States Dollar vs Indian R (FX:USDINR)
Forex Chart

3 Years : From Oct 2011 to Oct 2014

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The Indian rupee continued gains against the U.S. dollar in late morning deals on Friday after the government's notification allowing foreign investment in multi-brand retail, aviation and broadcast.

Falling oil prices, speculation that price of levy sugar will be increased and reports that the government is considering easing FDI norms for a few other sectors, including pharmaceuticals also helped lift investor sentiment.

The rupee rallied to a 4-day high of 53.8610 against the greenback with 53.00 seen as the next resistance level. The greenback-rupee pair closed yesterday's deals at 54.2605.



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