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Published on 16/09/2020 11:56:49 AM | Source: Dion Global Solutions Ltd

Rupee sees high volatility against USD ahead of US Fed policy decision

Posted in Currency Top News| #Rupee #US dollar #Currency News

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The rupee witnessed high volatility against the US dollar in opening trade on Wednesday ahead of the US Federal Reserve's policy decision.

The local unit opened at 73.70 at the interbank forex market, registering a decline of 7 paise over its last close, but soon pared the losses and was trading at 73.64, unchanged from its previous closing. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.01 per cent to 93.06.