Indian Rupee Falls To Near 5-week Low Against U.S. Dollar
2021年6月15日 - 5:16PM
RTTF2
The Indian rupee weakened against the U.S. dollar in evening
deals on Tuesday, as the latter firmed ahead of the U.S. Federal
Reserve's monetary policy meeting beginning today.
Although no change in policy is expected, investors hope that
Fed officials could commence discussions on the QE withdrawal amid
rising inflation.
Official data showed that India's consumer inflation rose at a
faster pace in May, raising hopes that the RBI may take gradual
steps towards monetary policy normalization later this year.
The Indian rupee dropped to near a 5-week low of 73.34 against
the greenback from yesterday's close of 73.18. The rupee may locate
support around the 75 level.
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