Rupee depreciates against US dollar
Rupee depreciated 5 paise to 63.96 paise against dollar in early trades on Thursday, tracking cues from the US Federal Reserve's policy statement released overnight.
The two day policy review by the US Fed concluded on Wednesday.
In the statement, the Fed said that the underutilisation of labor resources has diminished since early this year and that inflation has continued to run below the Committee's longer run objective.
This has raised chances that the US Fed may start hi king interest rates in the September
policy review.
READ MORE : FOREX TIPS
Rupee depreciated 5 paise to 63.96 paise against dollar in early trades on Thursday, tracking cues from the US Federal Reserve's policy statement released overnight.
The two day policy review by the US Fed concluded on Wednesday.
This has raised chances that the US Fed may start hi king interest rates in the September
policy review.
READ MORE : FOREX TIPS
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