2019.12.1105:10:00UTC+00Indian Rupee Climbs To Near 5-week High Versus U.S. Dollar

The Indian rupee strengthened against the U.S. dollar in morning deals on Wednesday, as regional shares rose on speculation that the U.S. tariffs on China due to take effect on Sunday may be delayed.

The benchmark S&P BSE Sensex rose by 66.95 points, or 0.17 percent, to 40,307, while the broader NSE Nifty index was up 17.95 points, or 0.15 percent, at 11,875.

The Indian rupee appreciated to 70.70 against the greenback, its biggest since November 7. At Tuesday's close, the pair was worth 70.77. The rupee is likely to locate resistance around the 68.00 region, if it rallies again.