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

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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.

The material has been provided by InstaForex Company – www.instaforex.com

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