 "rupee")
After opening flat, the rupee slipped as much as 35 paise to hit a low of 70.05 against the US dollar in the early trade on Friday.
The currency strengthened further by 69 paise to close at 69.70 on Thursday as the Fed raised the interest rate but lowered its projection for future hikes.
Gains in the rupee were triggered after the Federal Reserve in its policy statement mentioned that rate hike in the coming year could be restricted to two compared to earlier estimates of three rate hikes next year.
Fed Chairman Jerome Powell said the central bank would
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