Indian Rupee Slides To 10-day Low Versus U.S. Dollar After RBI Decision
09 Febrero 2022 - 06:50PM
RTTF2
The Indian rupee declined against the U.S. dollar in the morning
session on Thursday, after India's central bank left its key
interest rate and policy stance unchanged.
The Reserve Bank of India held the repo rate steady at 4.00
percent as expected.
The reverse repo rate was left unchanged at 3.35 percent,
defying expectations for a hike to 3.55 percent.
RBI Governor Shaktikanta Das said the 'accommodative' policy
stance is set to continue as long as needed.
The Indian rupee weakened to a 10-day low of 75.04 against the
greenback from yesterday's closing value of 74.78. If the rupee
falls further, 76.00 is likely seen as its next support level.
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