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Rupee rises to about one-month high against the US dollar

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The rupee edged up to about one-month high of 75.67 per US dollar amid a rally in domestic equities. Opening at 75.97, the rupee traded in the range of 75.59 to 75.99, as compared to its previous close of 76.18.

The Sensex was up about 500 points in late trade. Besides, market sentiments improved as more countries are announcing gradual lifting of lockdowns that have been imposed to contain coronavirus infection.

Abhishek Goenka, founder and CEO of IFA Global, said," The global risk sentiment is holding up. Focus will be on the Federal Reserve policy announcement tonight.

While the US Fed has already proactively cut rates and delivered an array of measures to boost liquidity, guidance on how long the rates could stay low and how asset

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