Indian Rupee Falls To 4-day Low Against U.S. Dollar
February 07 2016 - 7:36PM
RTTF2
The Indian rupee weakened against the U.S. dollar in the morning
deals on Monday amid speculation that the Federal Reserve is more
likely to raise interest rates this year after a solid U.S. jobs
report.
Against the greenback, the rupee fell to a 4-day low of 67.8600
from an early high of 67.8000. At Friday's close, the rupee was
trading at 67.7300 against the greenback.
If the rupee extend its downtrend, it is likely to find support
around the 69.00 area.
Traders await the nation's gross domestic product data for
December quarter due later in the day.
US Dollar vs INR (FX:USDINR)
Forex Chart
From Mar 2024 to Apr 2024
US Dollar vs INR (FX:USDINR)
Forex Chart
From Apr 2023 to Apr 2024