Indian Rupee Weakens To 5-day Low Against U.S. Dollar
06 Julio 2021 - 9:59PM
RTTF2
The Indian rupee slipped against the U.S. dollar in the morning
session on Wednesday, amid broad dollar strength and higher oil
prices.
The dollar got a boost ahead of the Fed minutes due later in the
day.
The June meeting surprised markets by the Fed's hawkish tilt,
signalling two rate hikes in 2023 and the start of a discussion
about the process of tapering the quantitative easing program.
The Indian rupee fell to a 5-day low of 74.80 against the
greenback from Tuesday's close of 74.74. Next key support for the
Indian rupee is likely seen around the 76 region.
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