Currency Buzz: INR races higher, breaks under 88 per US Dollar mark

Indian Rupee saw excellent gains today, rising well under 88 per US dollar mark as firm equities and a slide in dollar ahead of the US Federal Reserve monetary policy meeting pushed up the local currency. INR currently trades up 25 paise at 87.84 ? near its three-week high. Local stocks extended their winning streak as the benchmark NIFTY50 index surged to around two and half month high above 25300 mark. On NSE, USD/INR futures are down 0.28% at 88.05.

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