Sunday, December 14, 2025 | 01:04 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Rupee trading in range, Fed eyed

US Federal Reserve may announce more bond purchases later today

Image

Reuters

Rupee 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 Federal Reserve 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 RBI intervention.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 20 2012 | 2:56 PM IST

Explore News