Indian Rupee Edges Down Against U.S. Dollar
March 18 2015 - 8:39AM
RTTF2
Reversing direction, the Indian rupee ticked down against the
U.S. dollar in evening deals on Wednesday, as regional stocks
slipped ahead of the Federal Reserve's monetary policy decision,
due later in the day.
The benchmark S&P BSE Sensex ended the day down 114.26
points or 0.40 percent at 28,622.12, while the broader CNX Nifty
index dropped 37.40 points or 0.43 percent to 8,685.90.
The Fed is expected to remove the word "patient" from its
statement and hint at the timing of any hike in interest rates.
The rupee dropped to 62.78 per greenback, off early high of
62.61. The next possible support for the rupee is seen around the
63.00 zone.
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