Rupee rises 11 paise to 95.17 against US dollar in early trade
India, Oct. 29 -- The rupee appreciated 11 paise to 95.17 against the US dollar in early trade on Thursday amid a slight easing of the American currency following the US Federal Reserve's policy announcement.
The US Fed kept interest rates unchanged at 3.75 per cent-4.00 per cent as widely expected, but the market reaction turned mildly dollar-negative, forex traders said.
At the interbank foreign exchange market, the rupee opened at 95.20, then gained ground and touched 95.17 against the US dollar, registering a rise of 11 paise over its previous close.
On Wednesday, the rupee closed at 95.28 against the American currency.
According to traders, elevated crude oil prices and firm US yields remain headwinds for the local unit. While fo...
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