Indian Rupee Falls Against U.S. Dollar After Dismal WPI Data
February 16 2015 - 2:07AM
RTTF2
The Indian rupee edged down against the U.S. dollar in late
morning deals on Monday, as the nation's wholesale prices fell
unexpectedly in January.
Official data showed that India's wholesale prices declined 0.39
percent on year in January, confounding expectations for 0.16
percent increase. The index rose 0.11 percent in December.
The rupee that ended Friday's trading at 62.1090 against the
greenback dropped to 62.25. The next possible support for the rupee
is seen around the 63.00 mark.
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