Indian Rupee At 20-month High Against U.S. Dollar
07 April 2017 - 5:17PM
RTTF2
The Indian rupee continued to be higher against the U.S. dollar
in the evening deals on Friday, as the Reserve Bank of India dashed
hopes for rate cuts in its monetary policy report and flagged risks
to inflation in the medium term.
Meanwhile, the Rajya Sabha on Thursday passed four supplementary
legislations essential for the rollout of the Goods and Services
Tax Bill from July 1.
The rupee climbed to a 20-month high of 64.18 against the
greenback, compared to Thursday's closing value of 64.62. The next
possible resistance for the rupee is seen around the 63.00
region.
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