The Indian rupee declined in the early trade on Wednesday. It has opened lower by 13 paise at 64.53 per dollar versus 64.40 Tuesday.
Pramit Brahmbhatt of Veracity said, "Strength in crude prices and stronger dollar ahead of Fed policy outcome will put pressure on rupee. Trading range would be 64.20-64.80."
The dollar index rose to its highest level in a month and treasuries lost ground ahead of interest rate decision from the Federal Reserve due later today.
Pramit Brahmbhatt of Veracity said, "Strength in crude prices and stronger dollar ahead of Fed policy outcome will put pressure on rupee. Trading range would be 64.20-64.80."
The dollar index rose to its highest level in a month and treasuries lost ground ahead of interest rate decision from the Federal Reserve due later today.
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