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Rupee trading in range, Fed eyed

US Federal Reserve may announce more bond purchases later today

Read more on:    rupee | RBI | Federal Reserve
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was trading at 55.99/00 versus its 55.95/96 close on Tuesday, trading largely in range with thin volumes.

Most dealers awaiting outcome of crucial meeting later in day, with focus on whether central bank will announce more bond purchases.

Dealers expect range-trading in USD/INR in near-term, with upsides likely to spark intervention.

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Rupee gains most in 3 yrs as risk assets rally

The rupee posted its biggest daily gain in three years on Friday after the government confirmed it will not impose retroactive taxes on foreign ...

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