Mumbai, India (BBN) – Indian rupee rose to trade at 67.37 against the dollar on Thursday.
The domestic currency remained in the positive territory today after the US Federal Reserve decided to hold rates and struck a cautious tone about any future hike, reports PTI.
No change in US policy rate means investors can hold on to emerging market assets with the hope of better returns, at least for now.
Aided by firm equities, the rupee opened higher at 67.42 as against yesterday’s close of 67.47.
It traded between 67.51 and 67.37 in intra-day deals.
Selling of dollars by exporters mainly boosted the rupee value, a forex dealer said.
Overseas, the dollar tempered its climb and was only modestly higher against the euro and the yen on Wednesday after the US Fed move.