Key Points
Mumbai, Oct 6 (PTI) The rupee declined 2 paise to settle at 83.27 against the US dollar on Friday after the Reserve Bank kept the repo rate unchanged in its fourth consecutive monetary policy review...
Unabated foreign fund outflows and elevated levels of the greenback pressured the local unit, according to forex traders...
However, a rally in the domestic equity markets supported the domestic currency and restricted the fall, they added...
The rupee traded in a range 83.18-83.25 as RBI policy kept Repo rates unchanged at 6.50 per cent with the removal of accommodation stance in a phased manner keeping sentiments positive for Indian growth, as RBI governor pointed out that India is showing resilience in de-growth in a time when the global market is facing high inflation and growth uncertainties...
The six-member monetary policy committee of the Reserve Bank of India on Friday held the benchmark repurchase rate (repo) at 6.50 per cent in a unanimous decision for the fourth policy review meeting in a row...
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