MUMBAI, March 23 (Reuters) – The Indian rupee strengthened towards the U.S. greenback on Thursday after the U.S. Federal Reserve hiked rates of interest by 25 foundation factors (bps), as anticipated, however signalled the financial tightening cycle could also be coming to a detailed.

The rupee opened at 82.3750 per greenback, its strongest stage in every week. The forex ended at 82.6550 on Tuesday. The market was closed on Wednesday for an area vacation.

The Fed softened its language on future price hikes, amid the banking disaster within the United States, which noticed the chances of a 25 bps improve on the May assembly turn into nearly even.

All Asian currencies traded greater, whereas the greenback index hit a seven-week low as, earlier this month, no less than three extra Fed hikes have been being priced in.

Reporting by Anushka Trivedi; Editing by Savio D’Souza

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