The global cues are mostly healthy. Asian stocks are up. US indices just about managed a positive close despite some swings.
The rupee today opened at 63.94 against the US dollar. The local unit hit a low of and a high of against the US dollar.
On Wednesday, rupee ended at 64.11 against the US dollar. The global cues are mostly healthy. Asian stocks are up. US indices just about managed a positive close despite some swings.
The Federal Reserve left its benchmark interest rate unchanged at near zero termed the US economic growth as moderate and added that there were still signs of cyclical weakness in the economy, especially in the labor market. While the world is debating on the timing of the first rate cut, Janet Yellen made it clear that the timing of a first decision to raise rates is something that should not be overblown whether it is September or December or March. What matters is the entire path of rates, Yellen added.
On Wednesday, rupee ended at 64.11 against the US dollar. The global cues are mostly healthy. Asian stocks are up. US indices just about managed a positive close despite some swings.
The Federal Reserve left its benchmark interest rate unchanged at near zero termed the US economic growth as moderate and added that there were still signs of cyclical weakness in the economy, especially in the labor market. While the world is debating on the timing of the first rate cut, Janet Yellen made it clear that the timing of a first decision to raise rates is something that should not be overblown whether it is September or December or March. What matters is the entire path of rates, Yellen added.
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