Indian Rupee Pares Gain Against U.S. Dollar
August 07 2012 - 12:04AM
RTTF2
The Indian rupee that opened higher against the U.S. dollar on
Tuesday pulled back shortly. The rupee that edged up to 55.3205
against the greenback is presently trading at 55.41. The pair ended
Monday's deals at 55.525.
Finance Minister Chidambaram ordered a review of tax provisions
yesterday that have a retrospective effect and vowed to take
measures to bring down interest rates, spur investment and ease the
burden on consumers.
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