Forex News: Us Dollar 16 June 2017 (11)

Euro To US Dollar Conversion

The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.2801 on June 15, 2017. By checking this box, you consent to receive commercial electronic communications from Western Union Business Solutions such as newsletters, market updates, event invites, and other information which allows you or your business to make informed decisions about foreign exchange and international payments.

Signs of cooling domestic demand will probably not prevent the Federal Reserve from raising interest rates later today against the backdrop of firming inflation and a tightening labor market. The US central bank is expected to raise its overnight benchmark interest rate by 25 basis points to a range of 0.75pc to 1.00pc. It increased borrowing costs last December and has forecast three rate hikes in 2017.

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