Indian Rupee Climbs To Near 4-week High Against U.S. Dollar
01 Agosto 2022 - 01:55AM
RTTF2
The Indian rupee advanced against the U.S. dollar in afternoon
deals on Monday, as the latter fell across the board and oil prices
dropped after weak China data.
oil prices fell as weak manufacturing data from China and Japan
fuelled concerns about the demand outlook.
The dollar weakened on expectations that the Fed is likely to
adopt a less aggressive stance moving forward.
The Indian rupee touched near a 4-week high of 79.01 against the
greenback from Friday's close of 79.34. The rupee is likely to
challenge resistance around the 73.5 level.
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