Indian Rupee Off 6-day Low Against U.S. Dollar
October 13 2020 - 3:57AM
RTTF2
The Indian rupee erased its early decline against the U.S.
dollar in the evening session on Tuesday, as regional shares ended
modestly higher.
Indian shares ended largely unchanged, mirroring mixed global
cues as worries over the coronavirus pandemic overshadowed the
latest trade data from China pointing to a buoyant recovery.
The benchmark S&P BSE Sensex pared early gains to end the
session up 31.71 points, or 0.08 percent, at 40,625.51, extending
gains for the ninth consecutive session. The broader NSE Nifty
index inched up 3.55 points, or 0.03 percent, to 11,934.50.
The rupee was trading at 73.24 against the greenback, up from a
6-day low of 73.40 seen in the morning session. The rupee is likely
to challenge resistance around the 70.00 level.
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