The central bank leaving its future rate hike path unchanged, triggers a sell-off in the greenback

The Indian rupee opened with a gap-up on Thursday following a sharp fall in the dollar index. The US dollar was beaten down after the outcome of the US Federal Reserve’s final meeting for this calendar year on Wednesday. The Fed, as expected, increased the interest rates by 25 basis points. Also, it left the median projection of the policy rates unchanged for the next year at 2.1 per cent. This l...