Rupee edges up; Fed minutes lift risk assets

Tags: News
The rupee is trading at 59.62/63 versus its Wednesday close of 59.75/76.

Asian equities rose and the dollar dipped on Thursday, after the U.S. Federal Reserve indicated it was not in a rush to end quantitative easing and begin hiking rates.

Traders expect the market to remain range-bound until the budget announcements which will start at 11 a.m.

Most Asian currencies trading stronger. The dollar started at one-week lows against a basket of major currencies.

The rupee is seen moving in a 59.50 to 59.80 range until the budget.

EDITORIAL OF THE DAY

  • Do we need a new yardstick to gauge our prosperity?

    While we in India are trying to clear the cobwebs of confusion about how best to calculate gross domestic product (GDP) growth statistics, at the best

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Susan Visvanathan

A world that is constantly at war

THE 19th century posed specific problems to theorists about how ...

Rajgopal Nidamboor

Let’s find the power within & transform

It goes without saying that we are in the midst ...

Shona Adhikari

Masterpieces on the auction block

A rather important auction of 20th century Indian art by ...