Indian Rupee Slides Against U.S. Dollar
March 30 2015 - 8:07AM
RTTF2
The Indian rupee declined against the U.S. dollar in evening
deals on Monday, as the latter received support on speculation that
the Federal Reserve is set to start raising interest rates
gradually later this year.
In a speech last week, Federal Reserve Chairwoman Janet Yellen
confirmed she believes interest rates will rise "sometime this
year."
The rupee edged down to 62.69 against the greenback, from last
week's closing value of 62.5245. The next possible support for the
rupee is seen around the 63.00 zone.
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