News Column

Indian Rupee Falls To 5-day Low Against US Dollar

July 6, 2014



NEW DELHI (Alliance News) - The Indian rupee declined against the US dollar in early deals on Monday, as latter lifted up on optimism about the US economy.

Last week's upbeat data on labor market raised speculation that the Federal Reserve may raise interest rates sooner than anticipated, giving the dollar a boost.

The rupee hit 59.915 against the greenback, its weakest since July 2. At last week's close, the pair was worth 59.77. On the downside, 60.2 is seen as next support level for the rupee.



For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Alliance News


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters