Indian Rupee Trades At 4-day High Against U.S. Dollar
18 October 2016 - 7:02PM
RTTF2
The Indian rupee traded higher against the U.S. dollar in
evening deals on Tuesday, with a pullback in the U.S. dollar in
international markets, expectations of positive outcome from the
GST Council meeting and hopes of some NPA resolution for banks
following the $13-billion asset sale by Essar Oil for paring debt
lifting Indian stock market.
The benchmark S&P BSE Sensex climbed 520.91 points or 1.89
percent to 28,050.88, while the broader CNX Nifty index finished up
157.50 points or 1.85 percent at 8,677.90.
The rupee climbed to a 4-day high of 66.61 against the
greenback, and held steady thereafter. The rupee may possibly find
resistance around the 65.00 zone.
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