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10 Dec 2016 | 6:45 PM
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Currency Research Report: Daily Currency Report

Indian rupee ended the day almost flat after trading in a narrow range throughout the day as traders remained on sidelines ahead of the outcome of the Federal Reserve meeting.
19 Sep 2013 | 09:00 AM

• Indian rupee ended the day almost flat after trading in a narrow range throughout the day as traders remained on sidelines ahead of the outcome of the Federal Reserve meeting.
• In the latest FOMC meet, the US Federal Reserve said it would continue buying bonds at the current rate of USD 85 billion a month for now, surprising Wall Street and cited insufficient evidence of improvement in economic data to warrant a reduction in monetary stimulus. It also downgraded its outlook for the economy.
• The government stepped up its war against the current account deficit and hiked import duty on gold jewellery from 10 percent to 15 percent.
• BoE Minutes from the MPC monetary policy meeting held on 3 and 4 September reveal that the Committee voted unanimously in favor of maintaining the interest rate at 0.5% as well as in favor of keeping the program of asset purchases totaling £375 bil-lion unchanged.

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