Indian Rupee Drops To Near 4-week Low Against U.S. Dollar
September 22 2021 - 2:37AM
RTTF2
The Indian rupee dropped against the U.S. dollar in the evening
session on Wednesday, as traders looked forward to the U.S. Federal
Reserve's monetary policy decision for more clues on timing of the
QE tapering and interest rate outlook.
The Fed decision is due later in the day and analysts widely
expect that the central bank is likely to take a step closer to the
tapering of the QE program.
The Indian rupee fell to 73.93 against the greenback, its lowest
level since August 27. At yesterday's close, the pair was worth
73.71. The rupee may find support around the 76 level.
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