Indian Rupee Advances To Near 5-week High Versus U.S. Dollar
December 09 2019 - 8:39PM
RTTF2
The Indian rupee drifted higher against the U.S. dollar in
morning deals on Tuesday, on the back of lower oil prices.
India's Chief Economic Advisor KV Subramanian said that the
current slowdown in the Indian economy is more cyclical than
structural in nature and the government has a well-thought-out
agenda for reforms.
The country's potential growth remains unaltered and things will
improve soon, he noted.
The Indian rupee rose to 70.82 against the greenback, its
strongest since November 8. The rupee is likely to face resistance
around the 68.00 region, if it rallies again.
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