Indian Rupee Falls To 2-day Versus U.S. Dollar After RBI Decision
December 06 2017 - 12:33AM
RTTF2
The Indian rupee weakened against the U.S. dollar in evening
deals in Wednesday, as the Reserve Bank kept the policy rate
unchanged for the second consecutive meeting.
At the fifth bi-monthly monetary policy session, the Monetary
Policy Committee of the Reserve Bank of India decided to maintain
the repo rate at 6.00 percent and the reverse repo rate at 5.75
percent.
The bank had lowered the rate by 25 basis points at its meeting
in August.
The rupee that closed Tuesday's trading at 64.41 against the
greenback slipped to a 2-day low of 64.54. If the rupee falls
further, 66.00 is possibly seen as its next support level.
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