Rupee gains 15 paise against US dollar in early trade
The US Federal Reserve on Wednesday raised its key interest rate by 75 basis points, the largest hike since 1994, to a range of 1.5-1.75 per cent. It also indicated more rate increases to cool down high inflation.
At the interbank foreign exchange, the rupee opened strong at 78.06 against the US dollar, then inched lower to quote 78.07. Pics: Reuters