The Indian rupee inched higher on Tuesday, recovering somewhat from an unexpected slide late in the previous session as traders await the U.S. Federal Reserve’s policy decision on Wednesday for hints on the pace of future rate hikes.
The rupee was at 82.6650 by 0450 GMT, compared with 82.7800 in the previous session. The local unit has traded in a roughly 6-paisa range so far.
The rupee slid from above 82.50 to almost 82.80 in the last hour of trading on Monday.
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