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Rupee gains 11 paise to 95.17 against dollar after Fed decision

  • The rupee increased by 11 paise to 95.17 against the US dollar in early trading on Thursday.
  • The US Federal Reserve decided to keep interest rates unchanged, leading to a weakening of the dollar.
  • Market reaction to the Fed's decision was mildly negative, causing traders to react negatively.
  • Observers are now watching for upcoming economic data, particularly inflation and potential rate adjustments.
  • Foreign Institutional Investors (FIIs) have been net buyers of Indian equities, contributing to the rupee's strength.

Economic Context

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Rupee gains 11 paise to 95.17 against dollar after Fed decision | Split Angle