Reports told that, Extending its gains to the 4rth meeting, the indian rupee rose 5 paise to 66.49 against USD in early trade on today after the United States Fed chair Janet Yellen in an overnight speech questioned doubts over Fed rate lift in the near future.Click for stock option tips
The local currency had appreciated three paise to settle down at 66.54 on Tuesday on persistent dollar selling of by banks & exporters. Yellen on yesterday told that, the rate of inflation in the US has not yet proven sustainable against the backdrop of looming global risks to the economy of United States & that the US central bank should proceed carefully to policy adaptation.
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The local currency had appreciated three paise to settle down at 66.54 on Tuesday on persistent dollar selling of by banks & exporters. Yellen on yesterday told that, the rate of inflation in the US has not yet proven sustainable against the backdrop of looming global risks to the economy of United States & that the US central bank should proceed carefully to policy adaptation.
Read More : stock option tips
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