RTTN:Indian Rupee Off More Than 2-week High Against U.S. Dollar
The Indian rupee wiped out its early gains against the U.S. dollar in later deals on Wednesday.
The rupee is now trading at 53.86 against the greenback, reversing from more than a 2-week high of 53.6255 hit earlier. The pair closed yesterday's deals at 54.0955.
India's economy is set to expand in the range of 6.1 percent to 6.7 percent in 2013-14 as the downturn is more or less over and the economy is looking up, according to the Economic Survey tabled in Parliament today.
For the fiscal ending March 2013, economic growth is estimated to decelerate to 5 percent.
