The Indian rupee strengthened against the U.S. dollar in the morning deals on Thursday.
Against the greenback, the rupee rose to a 3-day high of 63.8150 from an early low of 64.0550. At yesterday’s close, the rupee was trading at 63.8770 against the greenback.
If the rupee extends its uptrend, it is likely to find resistance around the 62.00 area.
Traders await the nation’s WPI and trade data for April, due later in the day.
The material has been provided by InstaForex Company – www.instaforex.com