Rupee Recovers From 2 Year Lows; Trades At 67.06 To The Dollar

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The rupee recovered marginally from 2 year lows and was last trading at Rs 67.06, to the US dollar, after closing at 67.09 on Monday.

Jitters were felt across currency markets, following a 2-day US Fed meeting later today, in which it is widely expected to hike interest rates. Check and convert currency here

Rupee Recovers From 2 Year Lows; Trades At 67.06 To The Dollar
This would be the first interest hike by the US since June 2006, which is likely to lead to capital outflows from emerging markets, thus pushing pressure on the currencies.

There may be some intervention by the Reserve Bank of India in the currency markets, beyond the 67 levels mark.

Meanwhile, the markets were trading marginally lower ahead of the Fed policy meet. The Sensex was trading marginally lower by 32 points, after gaining over 100 points on Monday.

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