Rupee Closes Flat In Volatile Trading Session, Ahead Of Fed Policy Outcome
NDTV
The rupee closed a touch lower on Tuesday as jitters ahead of the US Federal Reserve policy outcome meant a volatile trading session.
The rupee closed a touch lower on Tuesday as jitters ahead of the US Federal Reserve policy outcome meant a volatile trading session.
That was reflected in domestic bourses, too, with the Sensex snapping a five-day winning run and sinking over 700 points as investors' focus shifted towards the upcoming US Federal Reserve meeting.
Besides the uncertainty over the conflict in Ukraine and heavy selling in domestic equities, continued capital outflows has weighed on the currency.
At the interbank foreign exchange market, the PTI said the rupee opened strong at 76.40 against the US dollar. However, it pared gains later. During the day, it moved in the range of 76.32 and 76.68.
