Indian Rupee Extends Gain Against U.S. Dollar
December 18 2014 - 06:41AM
RTTF2
The Indian rupee continued its early rally against the U.S.
dollar in evening deals on Thursday, as the Fed Reserve's assurance
that it is in no hurry to raise short-term interest rates until at
least the spring eased fears over potential capital outflows.
Regional stocks also ended higher, with the benchmark S&P
BSE Sensex closing up 416.44 points or 1.56 percent at 27,126.57.
The broader CNX Nifty index soared 129.50 points or 1.61 percent to
finish at 8,159.30.
The rupee climbed to a 2-day high of 63.1155 against the
greenback, compared to yesterday's closing value of 63.66. The
rupee is likely to face resistance around the 62.00 mark.
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