Rupee closes stronger against US dollar

Written by | December 14, 2016 | 0

Mumbai: The Indian rupee closed stronger against the US dollar ahead of a widely expected fed rate hike meeting which concludes on Wednesday. Traders are also awaiting indication for next year’s interest rate path in the meeting.

The rupee closed at 67.45 per US dollar—up 0.14% from its previous close of 67.54. The home currency opened at 67.55 against the US dollar. So far this year, it has fallen 1.9%.

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