Rupee Ends Modestly Higher as Dollar Slips After US Midterms
The rupee closed modestly higher on Wednesday, supported by a weaker dollar and lower oil prices as investors assessed the US midterm results. A Reuters poll still showed expectations for depreciation of the South Asian currency.
By Jaspreet KalraThe Indian rupee ended modestly higher on Wednesday, aided by a weaker dollar and lower oil prices as investors assessed the impact of US midterm election results, while a Reuters poll showed expectations for depreciation of South Asian unit remained intact.The rupee FX_IDC:USDINR…