03.03.201601:17:00UTC+00Indian Rupee Rises To Near 2-month High Against U.S. Dollar

The Indian rupee strengthened against the U.S. dollar in the morning deals on Thursday amid risk appetite, as gains in commodity prices and upbeat U.S. ADP employment data helped to ease global growth worries.

Against the greenback, the rupee rose to nearly a 2-month high of 67.3500 from an early low of 67.5500. At yesterday's close, the rupee was trading at 67.4000 against the greenback.

If the rupee extends its uptrend, it is likely to find resistance around the 66.00 area.

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