Indian Rupee Slides To Near 2-week Low Against U.S. Dollar
November 22 2015 - 9:24PM
RTTF2
The Indian rupee weakened against the U.S. dollar in the late
morning deals on Monday, as the later rose across the board amid
prospects for a U.S. rate hike in December.
Against the greenback, the rupee fell to nearly a 2-week low of
66.3875 from an early high of 66.2700. At Friday's close, the rupee
was trading at 66.1900 against the greenback.
If the rupee extends its downtrend, it is likely to find support
around the 66.70 area.
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