Indian Rupee Rises To 1-1/2-month High Against U.S. Dollar
October 04 2015 - 8:50PM
RTTF2
The Indian rupee strengthened against the U.S. dollar in the
morning deals on Monday amid risk appetite, as weaker than expected
U.S. jobs data boosted expectations that the Federal Reserve will
delay raising interest rates later this month.
Against the greenback, the rupee rose to a 1-1/2-month high of
65.1400 from an early low of 65.3250. At Friday's close, the rupee
was trading at 65.4500 against the greenback.
If the rupee extends its uptrend, it is likely to find
resistance around the 64.00 area.
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