Rupee edges up; Fed minutes lift risk assets

Tags: Rupee, 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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • RBI has been wise to retain policy rates

    The Reserve Bank of India has been wise to retain policy rates in its latest money policy announcement.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Education domain must be autonomous

Few issues in the higher education domain exist despite numerous ...

Rajgopal Nidamboor

Can we modify our emotional bearings?

We are not always a replica of our thoughts, emotions ...

Gautam Gupta

French fashion icon Gaultier’s pret goodbye

With Gaultier gone, the world of international prêt will never ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture