Forex Market News

Rupee Opens Flat At 67.54 Per Dollar

The Indian rupee opened flat at 67.54 per dollar on Wednesday versus previous close 67.54. NS Venkatesh of Lakshmi Vilas Bank said, “The cautious investors are expected to stay on the sidelines ahead of the FOMC meeting outcome.” “The USD-INR will take some cues from the equity market and trade in a narrow range of 67.42-67.75/dollar.
The US dollar held steady against a basket of major currencies on uncertainty over whether the Fed would signal a slow or fast pace of interest rate increases at the end of a closely-watched policy meeting.
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