Indian Rupee Appreciates To Near 1-year High Versus U.S. Dollar
February 12 2021 - 1:33AM
RTTF2
The Indian rupee moved up against the U.S. dollar in the evening
session on Friday, as traders await key data releases due
shortly.
The consumer inflation is expected to ease to 4.45 percent on
year in January from 4.59 percent in December.
Industrial production is seen falling 0.2 percent in December
versus a 1.9 percent decrease in the previous month.
The Indian rupee advanced to near a 1-year high of 72.56 versus
the greenback from yesterday's close of 72.73. Key resistance for
the rupee is seen around the 70.5 level.
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