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USDINR closed at 60.84 against its open at 61.09.
Sensex and Nifty rose , heading for a second straight session of gains after hitting a nearly 2-1/2 week low .
U.S. central bank, in its latest policy meet, renewed its pledge to keep interest rates near zero for a "considerable time," but also indicated it could raise borrowing costs faster than expected when it starts moving
With the Fed out of the way, the next big test for markets will be the referendum on Scotland's independence later Thursday.
Oil prices were further pressured by a government report showing crude stocks rose sharply in the United States last week.
Ten-year bond yields have lost half a percentage point this year - despite constant speculation that a rise in the Bank of England's benchmark interest rate is coming closer.
Global investors compare this to similar more dramatic and systemic risks in recent years such as a Euro breakup or U.S. default
India is likely to better weather any Fed-related volatility due to improving economic fundamentals.
The United States will closely follow the Scottish independence vote on Thursday because it has potentially big economic consequences.
India's monthly gold imports are set to rise by as much 50 percent from current levels while premiums could almost double.
Euro crisis returns
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