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The rupee failed to maintain its early gains and settled almost flat at 66.96 against the American currency in a highly volatile trading session ahead of a crucial US Fed meeting.
The cautious stance adopted by participants ahead of the US Fed’s two-day meet largely influenced trading sentiment, a forex dealer said.
Currency investors across the globe are cautiously awaiting the FOMC meet’s outcome amid increasing speculations on a potential rate hike by the Federal Reserve, he added.
Intra-day, the rupee hovered in the 66.86-66.98 range.
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