Indian Rupee Climbs To 11-day High Against U.S. Dollar
January 16 2017 - 10:39PM
RTTF2
The Indian rupee drifted higher against the U.S. dollar in
afternoon deals on Tuesday, as the latter declined across the board
amid uncertainty ahead of the Donald Trump's inauguration on
Friday.
Lack of clarity over the incoming Trump administration's
policies weighed on the dollar.
The rupee advanced to an 11-day high of 67.95 against the
greenback, compared to Monday's closing value of 68.10. The next
possible resistance for the rupee is seen around the 66.00
mark.
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