Forex

Rupee down 1 paisa at 65.21

PTI Mumbai | Updated on March 21, 2018 Published on March 21, 2018

The rupee ended a tad weak at 65.21 ahead of the Federal Reserve’s policy decision today.

The dollar pulled back from three-week highs on Wednesday as traders took some profits ahead of the Federal Reserve's first expected rate rise of 2018 and focused on whether the central bank will indicate three or four hikes for this year.

With the dollar down, the euro and yen were able to recover some losses made on Tuesday, when investors had piled into the greenback.

The domestic unit opened weak at 65.21 at the interbank foreign exchange market today. It hovered in a range of 65.23 and 65.19 before ending at 65.21, down 1 paisa at 5 pm local time.

Yesterday, the domestic unit had slipped by 3 paise to end at 65.20 a dollar due to dollar demand from importers.

Meanwhile, the Sensex closed higher by 139 points and the Nifty up by 31 points ahead of US Federal Reserve policy outcome later in the day.

Published on March 21, 2018
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