Indian Rupee Rises To 4-day High Against U.S. Dollar
May 22 2016 - 9:22PM
RTTF2
The Indian rupee strengthened against the U.S. dollar in the
morning deals on Monday, as worries about Fed rate hikes eased
somewhat. The benchmark S&P Sensex is currently up to 73.80
points or 0.29 percent at 25,375, while the broader CNX Nifty Index
is up to 13.25 points or 0.17 percent at 7,762.
Against the greenback, the rupee rose to 4-day high of 67.2500
from an early low of 67.4300. At yesterday's close, the rupee was
trading at 67.3800 against the greenback.
If the rupee extends its uptrend, it is likely to find
resistance around the 66.00 area.
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