The Rupee Made A Cautious Rise Of 4 Paise To 64.80 Against The US Dollar

The rupee made a cautious rise of 4 paise to 64.80 against the US dollar today as the US Fed's two-day policy meet gets under way.

Exporters and banks continued to give the American currency a wide berth.

However, the dollar's overseas strength and a lower opening in the domestic stock market cast a shadow on the rupee's gains, traders said.

Yesterday, the rupee had bounced back by a healthy 20 paise to end at 64.85 against the US currency on fresh bouts of dollar selling by exporters and banks amid buoyant local equities.

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