Indian Rupee Climbs To 10-day High Against U.S. Dollar
June 19 2022 - 9:31PM
RTTF2
The Indian rupee firmed against the U.S. dollar in late morning
deals on Monday, as growing fears over a recession weighed on the
latter.
Investors await speech from Federal Reserve chair Jerome Powell
this week for more clues about the monetary policy outlook.
Major central banks, including the Fed, delivered rate hikes
last week, renewing worries about a a potential global
recession.
The Indian rupee touched a 10-day high of 77.89 against the
greenback from Friday's close of 77.92. If the rupee rises further,
76.00 is likely seen as its next resistance level.
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