Rupee trades flat against US dollar ahead of Fed policy decision

The Indian rupee was trading little changed against the US dollar ahead of the US Federal Reserve’s policy statement due later on Wednesday.

The rupee opened at 65.23 a dollar. At 9.15am, the home currency was trading at 65.20 a dollar, the same level as its Tuesday’s close.
Besides, the dollar's weakness against some currencies overseas, fresh selling of the American currency by exporters as well as banks supported the rupee, forex dealers said.

A higher opening in the domestic equity market influenced the currency's movement, they added.

Yesterday, the domestic unit had slipped by 3 paise to end at 65.20 a dollar due to demand uptick for the greenback.

Meanwhile, the benchmark BSE Sensex rose 226.86 points, or 0.69 per cent, at 33,223.62 in opening trade today.