On Friday , USDINR opened 68.64/65 that is 18 pips firm on Wednesday closing at 68.81/82 levels.
Rupee strength persist on FII inflow.
Some investors and economists were caught off guard by the extent of dovishness in the statement. The Fed’s shift comes a week after hedge funds and speculators boosted bets that the greenback would outperform peers to the highest level since January.
INTRADAY RANGE - 68.35 ( 68.53 - 68.98 ) 69.35
On Wednesday , Rupee recovered by 13 pips to close at 68.83 against the US dollar amid sustained buying by foreign investors in domestic equity markets and lower crude prices.
Interbank Foreign Exchange, the domestic currency opened lower at 69.04 a dollar and gained to touch the day's high of 68.72. It finally settled at 68.81/82 per dollar.
The greenback rally helped pare losses from a day earlier when the Federal Reserve hinted that interest rates would be kept on hold through 2019 and said it would stop its balance-sheet reduction program in September amid concerns over slowing domestic and international growth.
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