The Indian rupee strengthened against the U.S. dollar in the morning deals on Friday, as investor sentiment boosted after the Federal Reserve’s September meeting minutes indicated the U.S. central bank isn’t in a hurry to raise interest rates.
Against the greenback, the rupee rose to nearly a 2-month high of 64.7500 from an early low of 64.9300. At yesterday’s close, the rupee was trading at 65.0300 against the greenback.
If the rupee extends its uptrend, it is likely to find resistance around the 63.80 area.
The material has been provided by InstaForex Company – www.instaforex.com