The rupee stayed range-bound and settled 2 paise higher at 83.26 against the US dollar on Thursday as the American currency retreated from its elevated levels after the US Federal Reserve was a bit dovish in its policy meeting.
Forex traders said the local unit got support from positive domestic equity markets and risk-on sentiments. The US Federal Reserve kept interest rates on hold and its Chairman Jerome Powell looked content with the economy’s soft landing. Following the decision, the dollar index softened, and the 10-year bond yield fell to 4.70.
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At the interbank foreign exchange, the rupee opened at 83.23 and finally settled at 83.26 against the greenback, re…
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