Indian Rupee Declines To 4-day Low Against U.S. Dollar
16 January 2024 - 5:25PM
RTTF2
The Indian rupee fell against the U.S. dollar in evening deals
on Tuesday, as the latter strengthened on hopes of delay in Fed
rate cut.
Traders looked ahead to Federal Reserve Governor Christopher
Waller's speech later in the day, whose dovish turn in late
November helped to send markets soaring.
The Indian rupee dropped to 4-day low of 83.10 against the
greenback from yesterday's close of 82.80. The rupee may locate
support around the 83.4 level.
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