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USDINR closed at 61.45 against its open at 61.51.
Sensex provisionally ends up 0.73 percent.
The U.S. Fed ended its monthly bond purchase program and signaled confidence the U.S. economic recovery would remain on track despite signs of a slowdown in many parts of the global economy.
Asian equities fell after the outcome of the Fed meeting.
Rupee falls to a two-week low against the Dollar as the Dollar posts gains after the U.S. Fed's statement.
The U.S. central bank was also expected to reassure markets that interest rates will remain on hold for some time to come amid concerns that slowing growth in Europe and China may act as a drag on the U.S. economy.
The Fed had been purchasing $15 billion in Treasury and mortgage debt a month to spur recovery by suppressing interest rates, though improvements taking place in the labor market prompted the U.S. central bank to end the stimulus program.
U.S. to publish revised data on third-quarter GDP, as well as the weekly report on initial jobless claims.
The Federal Reserve leaving its benchmark interest rate unchanged at 0.00-0.25%.
Asian stocks mostly lower after the U.S. Fed ended its quantitative easing programme, as expected, but laced its economic assessment with a tinge of hawkishness.
Gold was languishing near a three-week low after the U.S. Federal Reserve ended its bond-buying stimulus programme and expressed confidence in the economic recovery, dimming bullion's safe-haven appeal.
The Sensex has risen 30.2 percent in U.S. Dollar terms so far this year to remain Asia's best performing equity market, helped by optimism tied to the election of Prime Minister Narendra Modi.
Dollar surges to a three-week high, gold falls after the U.S. Fed ends its six-year quantitative easing bond-buying programme.
World Financial Leaders Seek to Boost Global Recovery
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