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The Economic Times
The Economic Times
Business

THE TRUTH ABOUT: Rupee firms volatility expectations tick up heading into fed decision - Caught on Camera

US Federal Reserve India the Federal Reserve United States Middle East

The Indian rupee strengthened ​to a near three-week peak ​on Wednesday, supported by a rally in local stocks ​and traders trimming bearish positions ahead of the U.S. Federal Reserve's policy decision later in the day.

Traders also said that state-run banks sold dollars in short-lived bursts, blunting ‌pressure from ⁠dollar demand ⁠related to the monthly futures expiry.

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