Business Standard

Rupee opens 18 paise higher against US dollar ahead of US Fed meet oucome

The domestic unit on Tuesday surged by 21 paise to close at 69.70 as easing crude prices and a weak dollar ahead of the US central bank's meeting helped the currency snap its three-day losing streak.

Rupee seen a winner in US-China trade thaw, but gains may be slow
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SI Reporter New Delhi
The rupee on Wednesday opened 14 paise higher at 69.56 against the US dollar amid positive global cues and rise in crude oil prices.

The domestic unit on Tuesday surged by 21 paise to close at 69.70 as easing crude prices and a weak dollar ahead of the US central bank's meeting helped the currency snap its three-day losing streak.

"Market participants are waiting for the monetary policy of Federal Open Market Committee (FOMC), Bank of England and Bank of Japan, scheduled this week. The reaction of FOMC meeting outcome would be seen in the Indian currency market on Thursday,"

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