Indian Rupee Falls To 15-month Low Against U.S. Dollar
May 07 2018 - 3:52AM
RTTF2
The Indian rupee slipped against the U.S. dollar in the evening
session on Monday, as the latter strengthened across the board on
hopes that the Fed would continue with gradual rate hikes during
the year.
Indian bond yields also tumbled after the Reserve Bank of said
it would buy government bonds worth up to Rs 10,000 crore on May
17.
The rupee dropped to a 15-month low of 67.26 against the
greenback, from last week's closing value of 66.81. If the rupee
continues its decline, 68.00 is possibly seen as its next support
level.
US Dollar vs INR (FX:USDINR)
Forex Chart
From Mar 2024 to Apr 2024
US Dollar vs INR (FX:USDINR)
Forex Chart
From Apr 2023 to Apr 2024