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Forex News: Indian Rupee Hits 10-day High Against U.S. Dollar

Indian Rupee Hits 10-day High Against U.S. Dollar

01/14/2021 - 06:24:00 (RTTNews)

(RTTNews) - The Indian rupee strengthened against the U.S. dollar in the evening session on Thursday, as regional shares rose, tracking positive global cues, on expectations of a large U.S. stimulus package from the the Democratic-led U.S. government.

President-elect Joe Biden is due to outline his proposals for massive fiscal stimulus later in the day.

The Indian rupee advanced to a 10-day high of 72.95 against the greenback from a 2-day low of 73.29 seen in the morning session. The rupee is seen facing resistance around the 70.00 level.

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