RTTN:Indian Rupee Spikes Up To 11-day High Against U.S. Dollar
Reversing direction, the Indian rupee firmed against the U.S. dollar in late morning deals on Monday.
Expectations of an interest rate cut by the RBI in its policy review on 19th underpinned sentiment.
The rupee climbed to an 11-day high of 54.205 against the greenback, recovering from an early low of 54.485. If the rupee extends gain, it may break 54.00 level. The pair closed deals at 54.3505 last week.
