<p>The rupee appreciated 8 paise to 72.86 against the US dollar in opening trade on Wednesday, ahead of the outcome of the US central bank's meeting.</p>.<p>At the interbank forex market, the domestic unit opened at 72.91 against the US dollar and inched higher to 72.86 against the greenback, registering a rise of 8 paise over its previous close.</p>.<p>On Monday, the rupee had settled at 72.94 against the American currency.</p>.<p>Traders said the local unit was trading in a narrow range against the US dollar on Wednesday morning ahead of the Fed meeting conclusion. Markets are also keenly watching progress on the US stimulus front.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.08 per cent to 90.23.</p>.<p>"Asian currencies were mixed against the greenback ahead of the Fed meeting tonight," Reliance Securities said in a research note.</p>.<p>The euro and the sterling have started marginally weaker against the US dollar this Wednesday morning in Asian trade.</p>.<p>On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 294.83 points lower at 48,052.76, and the broader NSE Nifty fell 86.25 points to 14,152.65.</p>.<p>Foreign institutional investors were net sellers in the capital market as they offloaded shares worth Rs 765.30 crore on a net basis on Monday, according to exchange data.</p>.<p>Forex and equity markets were closed on Tuesday on account of Republic Day.</p>.<p>Brent crude futures, the global oil benchmark, rose 0.43 per cent to USD 56.15 per barrel.</p>
<p>The rupee appreciated 8 paise to 72.86 against the US dollar in opening trade on Wednesday, ahead of the outcome of the US central bank's meeting.</p>.<p>At the interbank forex market, the domestic unit opened at 72.91 against the US dollar and inched higher to 72.86 against the greenback, registering a rise of 8 paise over its previous close.</p>.<p>On Monday, the rupee had settled at 72.94 against the American currency.</p>.<p>Traders said the local unit was trading in a narrow range against the US dollar on Wednesday morning ahead of the Fed meeting conclusion. Markets are also keenly watching progress on the US stimulus front.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.08 per cent to 90.23.</p>.<p>"Asian currencies were mixed against the greenback ahead of the Fed meeting tonight," Reliance Securities said in a research note.</p>.<p>The euro and the sterling have started marginally weaker against the US dollar this Wednesday morning in Asian trade.</p>.<p>On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 294.83 points lower at 48,052.76, and the broader NSE Nifty fell 86.25 points to 14,152.65.</p>.<p>Foreign institutional investors were net sellers in the capital market as they offloaded shares worth Rs 765.30 crore on a net basis on Monday, according to exchange data.</p>.<p>Forex and equity markets were closed on Tuesday on account of Republic Day.</p>.<p>Brent crude futures, the global oil benchmark, rose 0.43 per cent to USD 56.15 per barrel.</p>