Indian Rupee At 3-day High Versus U.S. Dollar
December 29 2016 - 11:48PM
RTTF2
The Indian rupee climbed against the U.S. dollar in afternoon
trading on Friday, as regional shares rose after Indian Finance
Minister Arun Jaitley said that the demonetization drive has helped
to prop up indirect tax collection.
The minister said net direct tax collections had increased 13.6
percent till December 19.
The rupee appreciated to a 3-day high of 67.85 against the
greenback, compared to Thursday's closing value of 67.93. If the
rupee rises further, 66.00 is possibly seen as its next resistance
level.
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