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After a week of build-up, debate and second-guessing, the US Federal Reserve chose to keep interest rates on hold.

On Friday the rupee appreciated to a one-month high and bond yields fell to an over three-month low after the US Fed decided to keep interest rates unchanged in its meeting.

Australian Dollar, which benefited from election of new Prime Minister, after resignation of Tony Abbott, incumbent unpopular Prime Minster, who lost party ballot.

The New Zealand dollar gained against its trans-Tasman counterpart after Australia’s unemployment rate unexpectedly rose, matching a 13-year high on a swelling labour force.