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Federal Reserve hints for a pause ahead, rupee backed by oil, dollar index and domestic inflows while Brexit uncertainty continues

Updated : October 31, 2019 08:38 AM IST

The Federal Reserve lowered its benchmark funds rate by 25 basis points to a range of 1.5 percent to 1.75 percent.
The Fed has moved to potentially going on pause atleast for the next policy.
The expected opening for rupee can be around 70.80 levels on the back of lower crude prices, dollar index moving left, and unabated foreign fund inflows in domestic equity markets.
Federal Reserve hints for a pause ahead, rupee backed by oil, dollar index and domestic inflows while Brexit uncertainty continues
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