The Indian rupee slipped in the early trade on Wednesday. It has opened lower by 6 paise at 67.33 per dollar versus 67.27 Tuesday.
NS Venkatesh of Lakshmi Vilas Bank said, "Outcome of the FOMC meeting will be key for the currency. Dovish comments indicate that rate hike has been pushed to December." He further added, "We expect the rupee to trade between 67.20-67.31/dollar today."
The dollar was steady against other currencies ahead of the Federal Reserve's policy announcement later today. The positive US economic data has increased expectations that the Fed could raise rates in December, boosting the relative attraction of the dollar.
The dollar was steady against other currencies ahead of the Federal Reserve's policy announcement later today. The positive US economic data has increased expectations that the Fed could raise rates in December, boosting the relative attraction of the dollar.
The yen fell in early asian trade on Wednesday on expectations of significant monetary stimulus by the Bank of Japan later in the week.
Read More - Currency updates
Written by Unknown
We are Creative Blogger Theme Wavers which provides user friendly, effective and easy to use themes. Each support has free and providing HD support screen casting.
0 comments:
Post a Comment