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The rupee inched up 2 paise to end at 69.68 against the US dollar on Wednesday ahead of the US Fed’s interest rate decision.
Hopes of a breakthrough in US-China trade talks and softening crude oil prices supported the local unit, forex traders said.
At the interbank foreign exchange (forex) market, the domestic currency opened at 69.57 to a dollar and gained further strength to touch a high of 69.49 during the day.
However, it could not hold on to the gains and finally ended at 69.68, up 2 paise over its previous close.
The rupee had settled at 69.70 against the US dollar on Tuesday.
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