Indian Rupee Trades At 4-day High Against U.S. Dollar
May 22 2015 - 7:43AM
RTTF2
The Indian rupee traded higher against the U.S. dollar in
evening deals on Friday, amid a gain in regional stocks.
The rupee advanced to a 4-day high of 63.495 against the
greenback, and has been steady thereafter. The rupee may possibly
find resistance around the 63.00 area.
Speaking at a press conference, India's Finance Minister Arun
Jaitley told India's economic growth may pick up to 7.4 percent in
the present fiscal year, thus becoming fastest growing large
economy in the world.
Regarding the domestic currency, the minister noted that its
value is determined by market factors.
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