Indian Rupee Declines To Near 2-week Low Versus U.S. Dollar
13 April 2015 - 9:02PM
RTTF2
The Indian rupee slipped against the U.S. dollar in evening
deals on Monday, as the dollar rose across the board on
expectations that the U.S. Federal Reserve is on track to raise
rates soon.
India's consumer inflation data is slated for release later in
the day, while wholesale inflation figures will be published on
Tuesday.
The rupee fell to 62.5150 against the greenback, its weakest
since March 31.The rupee may find support around the 63.00 mark.
The pair concluded Friday's trading at 62.42.
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