Rupee gains 26 paise ahead of Fed decision

The yields on the 10-year government bonds fell 0.42%.
 capitalstars
The Indian rupee extended its morning gain against the greenback on Tuesday, as dollar remained under pressure ahead of Federal Reserve meeting starting later in the day.

The rupee was trading at 71.28 a dollar, up 26 paise. The yields on the 10-year government bonds fell 0.42%.

The local unit ended higher by 34 paise at 71.56 against the US dollar as forex market sentiments were driven by the country's narrowing trade deficit in November as also smart gains in domestic equities.

RBI's reference rate for the dollar stood at Rs71.67, while for the euro, it was at Rs81.07. Further, its reference rate for the yen stood at Rs63.17, while that for the British pound sterling, it was at Rs90.19.

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Rupee trades lower at 69.40 against US Dollar

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