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

  • Modi’s interview with Times Now failed to reveal the mind of the man

    For a prime minister, who prefers monologue and one-way conversation on twitter and radio to long-winded one-on-one interviews, Narendra Modi’s 85-m

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Arun Nigavekar

Teachers must accept innovation

University teachers had been complaining for the past two years ...

Zehra Naqvi

How does a bird learn to sing?

There’s nothing like bir­dsong to give you a taste of ...

Dharmendra Khandal

The unfortunate death of a tigress & its repercussions

In nature it is not easy to gather investigative evidences, ...