Indian Rupee Off Near 5-week Low Against U.S. Dollar
September 29 2021 - 1:54AM
RTTF2
The Indian rupee climbed against the U.S. dollar in the evening
session on Wednesday, as a rally in treasury yields halted, helping
lift investor sentiment.
U.S. treasury yields fell after an overnight surge on rising
expectations for a faster rate hike by the Fed.
The Indian rupee recovered to 74.08 against the greenback, after
touching 74.26, which was its lowest level since August 26. The
pair had ended Tuesday's trading at 74.21. The rupee may locate
resistance around the 72.00 region.
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