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Name | Symbol | Market | Type |
---|---|---|---|
United States Dollar vs Indian Rupee | FX:USDINR | Forex | Exchange Rate |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 83.38065 | 83.3804 | 83.3809 | 83.38065 | 83.38065 | 0 | 01:00:00 |
The Indian rupee climbed further against the U.S. dollar in afternoon deals on Thursday, as further contraction in India's wholesale prices in April spurred speculation that the Reserve Bank of India may cut interest rate at June meeting.
Data from the Ministry of Commerce and Industry showed that India's annual wholesale price inflation declined to 2.65 percent in April, worser than expectations for a fall of 2.3 percent. In March, the WPI dipped by 2.33 percent.
The rupee advanced to a 3-day high of 63.805 against the greenback, compared to Wednesday's closing value of 63.877. The rupee may possibly find resistance around the 63.00 level.
1 Year US Dollar vs INR Chart |
1 Month US Dollar vs INR Chart |
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