Indian Rupee Rises To 3-day High Against U.S. Dollar
January 21 2016 - 7:46PM
RTTF2
The Indian rupee strengthened against the U.S. dollar in the
morning deals on Friday amid rising risk appetite, as the rebound
in crude oil prices and expectations of more stimulus from the
European Central Bank boosted investor sentiment.
Against the greenback, the rupee rose to a 3-day high of 67.6900
from an early low of 67.8700. At yesterday's close, the rupee was
trading at 67.8400 against the greenback.
If the rupee extends its uptrend, it is likely to find
resistance around the 66.90 area.
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