Rupee slips 7 paise to 74.87 against US dollar in early trade
The rupee fell 7 paise to 74.87 against the US dollar in opening trade on Thursday after the US Federal Reserve reiterated its dovish stance and held interest rates steady. At the interbank forex market, the rupee opened at 74.84, then lost further ground and touched 74.87 against the US dollar, down 7 paise over its last close of 74.80. “Fed policy statement was along expected lines. It acknowledged recent improvement in economic activity and financial conditions but said considerable risks to economic outlook remain over the medium term,” IFA…
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