The domestic currency depreciated 11 paise to open at 71.80/$ against its previous close of 71.69/$. It is currently trading at 71.75/$.
The Indian rupee depreciated marginally in Thursday’s noon session as market participants are cautious ahead of the outcome of the Reserve Bank of India’s (RBI) board meeting later today.
The domestic currency depreciated 11 paise to open at 71.80/$ against its previous close of 71.69/$. It is currently trading at 71.75/$.
Investors remain uncertain over the outcome of the central bank’s meeting chaired by new governor Shakthikanta Das. The RBI board is expected to discuss liquidity challenges, the much-debated PCA norms, the Economic Capital Framework, as well as the NPA burden dragging banks' profitability.
The meeting gains importance as the Governor's appointment comes amid challenging times with the apex bank riddled with several important issues that need immediate resolution.
The domestic currency depreciated 11 paise to open at 71.80/$ against its previous close of 71.69/$. It is currently trading at 71.75/$.
Investors remain uncertain over the outcome of the central bank’s meeting chaired by new governor Shakthikanta Das. The RBI board is expected to discuss liquidity challenges, the much-debated PCA norms, the Economic Capital Framework, as well as the NPA burden dragging banks' profitability.
The meeting gains importance as the Governor's appointment comes amid challenging times with the apex bank riddled with several important issues that need immediate resolution.
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