The Indian rupee bounced off from its prior low against the U.S. dollar in evening deals on Friday.
The currency was hammered in morning deals, as the dollar strengthened after the Fed Chair Yellen heightened the chances of a US rate hike at the December meeting.
The rupee was trading at 66.72 against the greenback, reversing from its early 3-1/2-month low of 66.98. The rupee is likely to find resistance around the 65.5 zone.
The material has been provided by InstaForex Company – www.instaforex.com