मंगलवार को डॉलर (dollar) के मुकाबले रुपया (Rupee) 6 पैसे की मजबूती के साथ 71.74 रुपये के स्तर पर खुला। हालांकि इससे पहल सोमवार को रुपया (Rupee) भारी गिरावट के साथ 56 पैसे टूटकर 71.80 पर बंद हुआ।
The Indian rupee appreciated 7 paise in Tuesday’s morning session to 71.67 against the dollar. The domestic unit opened marginally higher at 71.72/$ compared to its previous close of 71.74/$.
At 9:35AM IST, the currency was trading at 71.78/$. On Monday, the domestic unit depreciated 56 paise to 71.74/$.
The rupee was under pressure as investors are cautious ahead of the Reserve Bank of India’s monetary policy outcome due on February 7.
Market participants expect the central bank to cut key lending rates and change the stance. This could trigger volatility in the currency.
This will be first Reserve Bank of India (RBI) policy meeting under new governor Shaktikanta Das.
In its December monetary policy review, the RBI had kept interest rates unchanged but held out a promise to cut them if the upside risks to inflation do not materialize.
Meanwhile, equity benchmark indices were trading marginally down on Tuesday with the Sensex declining 64 points at 36,518 levels. Nifty dropped 17 points to trade at 10,895.
At 9:35AM IST, the currency was trading at 71.78/$. On Monday, the domestic unit depreciated 56 paise to 71.74/$.
The rupee was under pressure as investors are cautious ahead of the Reserve Bank of India’s monetary policy outcome due on February 7.
Market participants expect the central bank to cut key lending rates and change the stance. This could trigger volatility in the currency.
This will be first Reserve Bank of India (RBI) policy meeting under new governor Shaktikanta Das.
In its December monetary policy review, the RBI had kept interest rates unchanged but held out a promise to cut them if the upside risks to inflation do not materialize.
Meanwhile, equity benchmark indices were trading marginally down on Tuesday with the Sensex declining 64 points at 36,518 levels. Nifty dropped 17 points to trade at 10,895.
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