Indian Rupee Trades At 4-day High Against U.S. Dollar
October 03 2016 - 3:47AM
RTTF2
The Indian rupee traded higher against the U.S. dollar in
evening deals on Monday, as regional stocks climbed ahead of the
Reserve Bank of India's monetary policy review, due tomorrow.
The benchmark BSE Sensex finished higher at 377 points or 1.35
percent at 28,243, while the broader Nifty index ended at 8,738, up
127 points or 1.47 percent.
Firm global cues following reports that German financial giant
Deutsche Bank is nearing a settlement with the U.S. Department of
Justice also buoyed investor sentiment.
The rupee advanced to a 4-day high of 66.45 against the
greenback, compared to last week's closing value of 66.59.The next
possible resistance for the rupee may be found around the 64.5
level.
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