Indian Rupee Climbs To 2-1/2-month High Against U.S. Dollar
30 Agosto 2021 - 9:54PM
RTTF2
The Indian rupee firmed against the U.S. dollar in late morning
deals on Tuesday, as the latter fell across the board following
Federal Reserve Chair Jerome Powell's remarks about a slowdown in
the pace of asset purchases.
Powell said last week that the central bank is likely to start
scaling back bond purchase program this year, but didn't provide
timing for withdrawal.
Investors await India's GDP data for the April-June quarter due
around noon for clues to economic recovery.
The Indian rupee rose to a 2-1/2-month high of 73.12 against the
greenback from Monday's close of 73.29. Immediate resistance for
the rupee is found near the 70 level.
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