Indian Rupee Off Near 4-week Low Against U.S. Dollar
August 09 2020 - 10:47PM
RTTF2
The Indian rupee erased its early losses against the U.S. dollar
in the morning session on Monday, as regional shares rose, tracking
positive cues from global markets.
The benchmark S&P BSE Sensex climbed 351 points, or 0.92
percent, to 38,391, while the broader NSE Nifty index was up 113.05
points, or 1.01 percent, at 11,327.
The Indian rupee appreciated to 74.74 against the greenback from
near a 4-week low of 75.20 seen in early deals. At yesterday's
close, the pair was worth 74.88. The rupee is likely to challenge
resistance around the 72.00 level, if it rises again.
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