Economic TimesLean R·
Rupee closes flat at 94.52 vs USD as oil-led rally faces off against dollar demand; Fed verdict looms
The Indian rupee closed almost flat against the US dollar on Wednesday. Earlier gains were erased as corporate and importer demand for dollars increased. A significant drop in oil prices had initially boosted the rupee. Market focus now shifts to the US Federal Reserve's policy decision. Commentary from the Fed is expected to guide future interest rate expectations.
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