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The rupee stayed firm at 67.42 per dollar after the US Federal Reserve kept rates unchanged and took a cautious tone on future hikes. Selling of dollars by exporters supported the rupee.
Holding US rates steady encouraged investors to keep emerging-market assets.
Steady US rates support emerging-market inflows that strengthen the rupee, lowering the rupee cost of dollar-priced feed imports. The effect is modest because the rupee was trading in a narrow range.
business-standard.comPress Trust of IndiaFeb 2, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
