The Rupee appreciated by 54 paise to 65.92 against the US dollar on Friday after the US Federal Reserve kept benchmark rate unchanged at the end of its two-day policy review that concluded on Thursday night. The US equity markets closed in the red in overnight trade, with the benchmark Down Jones ending 0.39 per cent lower at 16,675.
The Domestic
currency had closed at 66.46 against the greenback on Wednesday. The
currency market was closed on Thursday on account of Ganesh
Chathurti.
The Dollar index,
which tracks dollar movement against a basket of six major global
currencies, stood at 94.59.
Recent global
economic and financial developments may restrain economic activity
somewhat and are likely to put further downward pressure on inflation
in the near term," the Fed said in a statement.
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