Indian Rupee Climbs To Near 5-week High Versus U.S. Dollar
December 10 2019 - 8:10PM
RTTF2
The Indian rupee strengthened against the U.S. dollar in morning
deals on Wednesday, as regional shares rose on speculation that the
U.S. tariffs on China due to take effect on Sunday may be
delayed.
The benchmark S&P BSE Sensex rose by 66.95 points, or 0.17
percent, to 40,307, while the broader NSE Nifty index was up 17.95
points, or 0.15 percent, at 11,875.
The Indian rupee appreciated to 70.70 against the greenback, its
biggest since November 7. At Tuesday's close, the pair was worth
70.77. The rupee is likely to locate resistance around the 68.00
region, if it rallies again.
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