Indian Rupee Rises To 1-week High Against U.S. Dollar
June 18 2015 - 1:44AM
RTTF2
The Indian rupee strengthened against the U.S. dollar in the
morning deals on Thursday, as regional shares rose after the
Federal Reserve sounded more dovish than many had expected, helping
push back expectations for the first Fed rate increase since
2006.
The benchmark BSE Sensex is currently up 268.10 points or 1.00
percent at 27,100. The broader Nifty index is also up 68.45 points
or 0.85 percent at 8,160.
Against the greenback, the rupee rose to a 1-week high of
63.8450. At yesterday's close, the rupee was trading at 64.1930
against the greenback.
If the rupee extends its uptrend, it is likely to find
resistance around the 63.00 area.
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