MUMBAI (Reuters) - The NSE Nifty hit a record high while the rupee rose to its strongest level in nearly 17-months on Thursday after the U.S. Federal Reserve raised interest rates as expected but signalled no pick-up in the pace of tightening.
The partially convertible rupee hit as much as 65.2250 per dollar, its strongest since Oct. 30, 2015. It was last trading at 65.32/33 compared to its 65.71/72 close.
Meanwhile the benchmark 10-year bond yield fell 4 basis points to 6.79 percent.
(Reporting by Swati Bhat; Editing by Rafael Nam)